Remove Companies Remove Corporation Remove Legal Remove Tax
article thumbnail

Daimler AG Board approves Project Future corporate restructure; goes to shareholders in 2019

Green Car Congress

The Board of Management and Supervisory Board of Daimler AG has approved a new corporate structure for Daimler AG. The new structure comprises three legally independent entities—Mercedes-Benz AG, Daimler Truck AG and Daimler Mobility AG—under the umbrella of Daimler AG.

article thumbnail

ASML’s threat to leave uncovers deeper concerns in Netherlands Inc – ET Auto

Baua Electric

A threat by the Netherlands’ largest company ASML to quit the country if it cannot grow there has laid bare wider corporate concerns that the nation’s business climate is deteriorating. The company pointed to remarks made by CEO Peter Berdowski on an NOS radio program on Thursday.

article thumbnail

Major power and gas company E.ON splitting in two; focusing on renewables, spinning off conventional power generation

Green Car Congress

Düsseldorf, Germany-base E.ON, one of the world’s largest investor-owned power and gas companies, is adopting a new strategic direction under which is will split itself in two. will take necessary preparatory steps for the New Company’s public listing. About 40,000 employees will be assigned to the distinctly focused company.

Power 244
article thumbnail

Elon Musk asks Tesla shareholders to vote for incorporation move to Texas

Baua Electric

Tesla would have to recraft the compensation package while following the rules of a public company and present it in a more transparent way to shareholders for a vote. It was founded in California and now has its headquarters in Texas, but like many other companies, it has incorporated in Delaware. That’s all it does.

Texas 52
article thumbnail

Valeo acquires electric supercharger business from Controlled Power

Green Car Congress

As part of its strategy of developing solutions to reduce CO 2 emissions, Valeo has acquired the Variable Torque Enhancement System (VTES) ( earlier post ) business of UK automotive technology development company Controlled Power Technologies (CPT). VTES will be integrated into Valeo’s Powertrain Systems Business Group with immediate effect.

Power 326
article thumbnail

Lordstown Motors Goes Bust

The Truth About Cars

Lordstown’s share price collapsed in 2021 and the company has suffered numerous production delays. Former chief executive of Lordstown Motors, Steve Burns, managed to sell off every share of his stock before the company filed for Chapter 11. Because whoever was steering the company appears to have run it straight into an iceberg….

Motor 102
article thumbnail

DOE Turns Down V-Vehicle Loan Applications

Green Car Congress

San Diego, Ca-based V-Vehicle Company (VVC) ( earlier post ) has been informed that the Program Office of the US Department of Energy (DOE) will not recommend approval of VVC’s two loan applications for $321.1 Varasano, a former Oracle Corporation and Booz Allen Hamilton executive, founded VVC in 2006. The second was for $241.2

San Diego 186