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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.,

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Porsche expanding open source software initiative; FOSS

Green Car Congress

In addition to the Open Source Office, employees from the vehicle development, corporate IT and legal departments, as well as Porsche Digital, were involved in the development of the FOSS Movement. Over the past two years, we’ve made remarkable strides and firmly anchored the use of open source within the company.

Porsche 150
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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. USO is a global leader in manufacturing flexible, lightweight thin-film photovoltaic products for use in the commercial rooftop and building-integrated markets.

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Elon Musk, Twitter reach agreement for sale of social media platform

Teslarati

billion of fully committed debt and margin loan financing and is providing approximately $21 billion in equity commitment, the release said. There are no financing conditions to the closing of the transaction. Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal counsel, the release said. Musk has secured $25.5

For Sale 145
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Valeo acquires electric supercharger business from Controlled Power

Green Car Congress

Our automotive customers wanted clarity about future plans for the VTES product and a sale to Valeo was the best solution to enable our VTES technology to reach its full potential. It also validates our approach to technology development, which we apply to all our products. —CPT CEO Nick Pascoe“.

Power 326
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Osum Oil Sands closes $500M private placement; new investors include government of Singapore

Green Car Congress

The financing was led by a combination of new and existing shareholders. With the submission of this application and as a result of the proximity of the project to existing in situ production of 340,000 barrels per day, Osum was assigned 359 million barrels of proved plus probable reserves by its independent reserve auditors.

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Earth Day 2024: each day is about reducing emissions | Autocar Professional

Baua Electric

Corporations and governments use it to make pledges and announce sustainability measures. Industry belched out smoke and sludge with little fear of legal consequences or bad press. It is a day of political action and civic participation. At the time, Americans were slurping leaded fuel through massive V8 sedans. degrees Celsius.