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Ford, Ford Credit introduce sustainable financing framework prioritizing EV, clean production, community investments

Green Car Congress

Ford Motor Company and its financing subsidiary, Ford Motor Credit Company, introduced the North America auto industry’s first sustainable financing framework, focusing on and paying for ambitious plans in vehicle electrification and other environmental and social areas. Vigeo Eiris, an arm of Moody’s Corp.,

Financing 170
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Vancouver-based Ceylon Graphite granted industrial mining licence for M1 mining project in Sri Lanka

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With the M1 permit in hand, the company expects to be hoisting graphite after the shaft has been deepened by twenty feet and crosscut to a parallel vein system. The K1 mining project is fully permitted, and the company is in the process of deepening the shaft and has doubled capacity for hoisting graphite. From the K1 site.

Sri Lanka 417
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Skeleton Technologies raises €41.3 million in Series D from top European entrepreneurs

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million) Series D financing round. UBS acted as a financial advisor to the company. This Series D financing builds on a strong year for Skeleton Technologies, which saw a tripling of its revenues. This Series D financing builds on a strong year for Skeleton Technologies, which saw a tripling of its revenues.

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Daimler takes minority stake in Sila Nanotechnologies; next-generation lithium-ion battery materials

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The investment forms part of Sila Nano’s $170-million Series E financing, which was led by Daimler. With the latest round of financing secured, Sila Nano has begun ramping up production volume and plans to supply its first commercial customers in consumer electronics within the next year.

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Volkswagen Group investing $700M in XPENG for 5% stake, VW EV development; Audi jointly developing EVs with SAIC

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—Jürgen Rittersberger, Member of the Board of Management of AUDI AG responsible for Finance, IT and Legal Affairs SAIC and Audi have signed a memorandum of understanding. The recently founded Volkswagen Group China Technology Company (VCTC) is the development partner for XPENG.

Audi 282
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Audi increases upfront expenditure for electric mobility; €12B by 2024

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—Alexander Seitz, Board of Management Member for Finance, China and Legal Affairs at Audi AG. “. By 2025, the Audi Group intends to have more than 30 electrified models in its product range, 20 of which will be fully electric. At around €12 billion, we will spend more than ever before on electric mobility by 2024.

Audi 199
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FCA US reaches settlements on diesel emissions at estimated cost of $800M

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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. The consent decree and settlement agreements contain no finding or admission with regard to any alleged violations. . 6 million to Customs and Border Protection.

Cost Of 312