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Petrobras sells sugar, ethanol and petrochemical assets for US$587 million

Green Car Congress

Brazil’s Petrobras closed two asset sales for the total sum of US$587 million. Petrobras subsidiary Petrobras Biocombustível (PBio) sold to Tereos Participations—a company in the French Tereos group—its entire stake in Guarani, representing 45.97% of the company’s equity capital, for US$202 million.

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Ford and Volkswagen expand global collaboration to include EVs, invest in Argo AI

Green Car Congress

Ford Motor Company and Volkswagen AG are expanding their global alliance to include electric vehicles—and will collaborate with Argo AI to introduce autonomous vehicle technology in the US and Europe. Volkswagen is joining Ford in investing in Argo AI, the autonomous vehicle technology platform company. Earlier post.).

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Nissan launches expanded strategy for Brazil with new $1.4B manufacturing plant; Renault boosting production capacity there by 100,000 units

Green Car Congress

billion) to construct a new manufacturing facility in Resende in the Brazilian state of Rio de Janeiro and develop, industrialize and launch new products. million units at the end of the company’s 2010 fiscal year. Technologies Americas – RTA) are scattered around the industrial complex. Nissan Motor Co.,

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Perspective: US Needs to Transition to Hydrous Ethanol as the Primary Renewable Transportation Fuel

Green Car Congress

Brazil, the largest and most populous country in South America, was importing 80% of its oil and 40% of its foreign exchange was used to pay for that imported oil. The government assisted the shift by giving sugar companies subsidized loans to build ethanol plants, as well as guaranteeing prices for their ethanol products.

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As Electric Car Makers Ante Up Billions, Software Is Ace in the Hole

Cars That Think

Since then Daimler , Ford Motor Company , General Motors , Stellantis and Volkswagen Group, have committed an additional $152 billion in investments, a sum four times their combined 2019 operating profits. As a comparison , in 2011, there were only two battery electric and 29 hybrid electric vehicle models offered for sale in the US.

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Why Warren Buffett is investing in electric car company BYD - Apr. 13, 2009

Tony Karrer Delicious EVdriven

Why hes banking on an obscure Chinese electric car company and a CEO who - no joke - drinks his own battery fluid. MidAmericans David Sokol, BYDs Wang, and company advisor Li Lu flew with Sokol from Detroit to Omaha so that Wang could meet Buffett in person. tech industry during the 1990s.

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