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ElectraMeccanica and Tevva to merge; targeting electric commercial trucks in UK, Europe and US

Green Car Congress

The proposed transaction will be completed, subject to the definitive arrangement agreement, by way of a court-approved plan of arrangement under the Business Corporations Act (British Columbia), whereby a newly formed British Columbia corporation (Tevva, Inc.), Canada Ltd. Snell & Wilmer L.L.P.,

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Nikola executes reverse merger with VectoIQ; now to be listed on NASDAQ; BEV and FCEV trucks

Green Car Congress

Nikola Corporation, a designer and developer of BEV and FCEV Class 8 trucks is executing a reverse merger with VectoIQ Acquisition Corp. Upon the closing of the transaction, the combined company will be named Nikola Corporation and is expected to remain NASDAQ-listed under the new ticker symbol “NKLA.”. VectoIQ Acquisition Corp.

Hydrogen 397
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TC Energy seeking $15B in damages from US after revocation of Keystone XL Presidential Permit

Green Car Congress

Canada-based TC Energy Corporation has filed a Notice of Intent to initiate a legacy North American Free Trade Agreement (NAFTA) claim under the United States-Mexico-Canada Agreement to recover economic damages resulting from the revocation of the Keystone XL Project’s Presidential Permit.

Energy 186
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NTT DATA and DENSO building industry-wide dataspace for EV batteries

Green Car Congress

NTT DATA Corporation and DENSO Corporation have started to build an industry-wide ecosystem for electric vehicle (EV) batteries to create a global trusted dataspaces where only necessary data can be shared, while also protecting private data.

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Bridgestone to acquire TomTom’s telematics business for $1B in cash

Green Car Congress

Bridgestone Corporation announced that its subsidiary Bridgestone Europe NV/SA, has entered into an agreement with TomTom to acquire TomTom Telematics, its digital fleet solutions business, for a cash consideration of €910 million (US$1.034 billion). —Harold Goddijn, CEO, TomTom.

Fleet 186
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Driving Dystopia: More Companies Found Covertly Sharing Driving Data, Raising Insurance Rates

The Truth About Cars

With corporate media finally aware of the perils of connected vehicles, we’ve seen a rash of articles exploring how insurance rates have spiked due to automakers sharing user data. The entire business model is predicated upon this, minus the fact that it became a legal requirement to drive in most states by 1970.

Companies 105
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Law firm forming autonomous vehicle industry group

Green Car Congress

The law firm of Honigman Miller Schwartz and Cohn LLP is forming an autonomous vehicle industry group, which includes a cross-disciplinary team of attorneys practicing in the firm’s Corporate, Intellectual Property and Litigation departments.