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Elon Musk’s xAI highlights societal impact with Nevada incorporation: report

Teslarati

Elon Musk’s AI startup, xAI, has been incorporated in Nevada as a benefit corporation. ” Unlike traditional corporations solely focused on shareholder value, xAI’s legal structure as a benefit corporation formalizes its commitment to positive societal and environmental outcomes.

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CARB settles with American Honda Motor for $6.9M for violations of air quality regulations on small off-road engines

Green Car Congress

The California Air Resources Board (CARB) reached a settlement agreement with American Honda Motor Corporation, Inc. Honda failed these tests demonstrating evaporative emissions of gasoline above the legal limit. Honda) of Torrance, California for $6.9 million for violations of CARB’s air quality regulations.

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Energy Conversion Devices files Chapter 11, seeks sale of businesses; Ovonic Battery Company sold to BASF Corporation

Green Car Congress

OBC), to BASF Corporation for the gross purchase price of $58 million in cash before transaction fees, minority participations, and working capital and other adjustments. Ovonyx is a joint venture with its co-founder Tyler Lowrey and its shareholders include Intel Corporation. Earlier post.) Chapter 7 for SIT.

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Volvo Car Corp. demonstrates autonomous driving in traffic jams; traffic jam assistance system ready for production in 2014

Green Car Congress

As another step toward autonomous driving systems, Volvo Car Corporation is demonstrating a new traffic jam assistance system. —Peter Mertens, Senior Vice President Research and Development of Volvo Car Corporation. But the legal situation for this technology still remains unclear. Earlier post.). Earlier post.).

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Does planting trees generate sufficient carbon credits?

Innovation News Network

In order to somewhat counteract the CO2 emissions they produce, various major corporations globally purchase what are known as carbon credits. Carbon credits legally enable companies to emit certain quantities of CO2 as […] The post Does planting trees generate sufficient carbon credits?

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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.

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

Green Car Congress

As examples, Ford’s new advanced campuses in Tennessee and Kentucky will be designed to have as minimal an impact as possible—and even to generate beneficial effects—on the surrounding environment.

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