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Daimler AG Board approves Project Future corporate restructure; goes to shareholders in 2019

Green Car Congress

The Board of Management and Supervisory Board of Daimler AG has approved a new corporate structure for Daimler AG. The new structure comprises three legally independent entities—Mercedes-Benz AG, Daimler Truck AG and Daimler Mobility AG—under the umbrella of Daimler AG.

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Tesla shareholders to vote on $56B pay package for Elon Musk (again)

Teslarati

“We do not think that what the Delaware Court said is how corporate law should or does work. If it is legally advisable, we suggest simply subjecting the original 2018 package to a new shareholder vote,” Denholm wrote. It is also tax-deductible by Tesla,” stated Tornetta’s lawyers.

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ASML’s threat to leave uncovers deeper concerns in Netherlands Inc – ET Auto

Baua Electric

A threat by the Netherlands’ largest company ASML to quit the country if it cannot grow there has laid bare wider corporate concerns that the nation’s business climate is deteriorating. “You’d need two hands to count them.” ” Chip equipment supplier ASM International recently expanded in the U.S.

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Valeo acquires electric supercharger business from Controlled Power

Green Car Congress

CPT was advised on the transaction by Turquoise International (corporate finance) and Matthew Arnold Baldwin (legal & tax). It also validates our approach to technology development, which we apply to all our products. —CPT CEO Nick Pascoe“.

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Elon Musk asks Tesla shareholders to vote for incorporation move to Texas

Baua Electric

Musk decided to hold a Twitter poll to ask if Tesla should move his state of incorporation to Texas: The poll came after Musk made several tweets trashing Delaware and boosting Texas as a pro-corporate state. Musk announced that Tesla will quickly hold a shareholder vote on it: “The public vote is unequivocally in favor of Texas!

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DOE Turns Down V-Vehicle Loan Applications

Green Car Congress

The DOE conducted an extensive technical, market, financial, regulatory, credit and legal analysis following its determination that the applications were substantially complete in May 2009. Varasano, a former Oracle Corporation and Booz Allen Hamilton executive, founded VVC in 2006. The second was for $241.2

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Polaris to buy Global Electric Motorcars LLC (GEM) from Chrysler

Green Car Congress

GEM cars are used by local, state and national government agencies, resorts, master-planned communities, universities, medical and corporate campuses, as well as by sports teams, taxi-shuttle services and individual consumers. The six GEM passenger and utility models are legal on most streets with posted speeds of 35 mph or less.

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