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FCA US reaches settlements on diesel emissions at estimated cost of $800M

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The estimated total cost of settlements is $0.8 federal and state authorities FCA maintains its position that the Company did not engage in any deliberate scheme to install defeat devices to cheat emissions tests. liter EcoDiesel V-6 engines. billion, in line with financial charge taken for this purpose in third-quarter, 2018.

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Talga successfully completes A$40M institutional placement; funds for anode project

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Battery and advanced materials company Talga Group ( earlier post ), with 100% owned graphite resources in Sweden, has received firm commitments for a placement of new fully paid ordinary Talga shares to raise A$40 million (US$27.3 million) before costs. BurnVoir Corporate Finance acted as financial adviser to the company.

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SafeAI, Siemens, Obayashi collaborate to bring retrofitted autonomous, zero-emission heavy vehicles to off-road industries

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Together, the two companies set out to address common pain points across construction—including unsafe working conditions, labor shortages and rampant inefficiencies—with autonomous solutions. In May 2022, the companies began retrofitting the first 45 ton vehicle, which is expected to be ready by the end of 2022.

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Electric pickup startup Lordstown Motors goes public via SPAC; $1.6B transaction

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Lordstown Motors Corporation, a startup developing an all-electric pickup truck serving the commercial fleet market, merged with DiamondPeak Holdings Corporation, a special purpose acquisition company (SPAC). The design significantly increases reliability, maximizes performance, and reduces total cost of ownership.

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Hyundai Motor to establish hydrogen refueling station for fuel cell electric buses at Incheon Airport with partners, provide buses

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Hyundai Motor Company is partnering with Incheon International Airport Corporation (IIAC), Air Liquide Korea and Hydrogen Energy Network (HyNet) to establish a hydrogen refueling station for fuel cell electric buses at Incheon Airport’s Terminal 2 by March 2021. Hyundai fuel cell bus.

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Clean Energy Zero Now truck orders surpass 250; heavy-duty trucks fueled by renewable natural gas

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Clean Energy’s Zero Now program makes the cost of leasing or purchasing a new natural gas heavy-duty truck equal to the price or even lower than that of the same truck equipped with a diesel engine. Kenan Advantage Group will be deploying its natural gas tractors in the company’s Merchant Gas Group that transports industrial gases.

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FREYR Battery sanctions construction of its inaugural gigafactory, increases plant capacity to 29 GWh; $1.7B capital cost

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billion based on visibility from export credit agencies, multilateral development finance institutions and commercial banking partners, exceeding management’s leverage target for the $1.7 Groundworks at the site are well advanced and the company has recently started casting foundation structures.

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