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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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Texas Governor Greg Abbott welcomes Tesla after reincorporation vote passes “Guaranteed Win” mark

Teslarati

Texas Governor Greg Abbott expressed his support to Elon Musk and Tesla after the CEO noted on X that TSLA investors are on track to ratify his 2018 CEO Performance Award and approve the electric vehicle maker’s proposed redomestication from Delaware to Texas. Welcome to a state that has neither a personal nor a corporate income tax.

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DOE Turns Down V-Vehicle Loan Applications

Green Car Congress

San Diego, Ca-based V-Vehicle Company (VVC) ( earlier post ) has been informed that the Program Office of the US Department of Energy (DOE) will not recommend approval of VVC’s two loan applications for $321.1 million from the Advanced Technology Vehicle Manufacturing Loan Program (ATVMLP). The first loan application was for $79.9

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Valeo acquires electric supercharger business from Controlled Power

Green Car Congress

version of the vehicle but with fuel economy and CO 2 emissions approaching those of a Prius. CPT was advised on the transaction by Turquoise International (corporate finance) and Matthew Arnold Baldwin (legal & tax). HyBoost shows comparable performance to the conventional 2.0L Earlier post.).

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Study concludes that automakers tweak vehicle fuel economy to qualify for more favorable treatment; focus on car notches

Green Car Congress

In response to federal policies to boost gas mileage, manufacturers have changed vehicle weights, improved tire-rolling resistance and added aerodynamic features to push fuel-economy rates past government-mandated thresholds. mpg) that lead to large changes in tax liability or the amount of a subsidy. mpg and 22.4 —Joel Slemrod.

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

Green Car Congress

The GEM e2 two-passenger vehicle features six 12-volt flooded electrolyte batteries and a range of up to 35 miles on a charge. will acquire low-speed electric vehicle manufacturer Global Electric Motorcars LLC (GEM), a wholly-owned Fargo, N.D.-based Click to enlarge. Polaris Industries Inc. based subsidiary of Chrysler Group LLC.

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Lordstown Motors Goes Bust

The Truth About Cars

Though the writing was already on the wall for the Ohio-based electric vehicle manufacturer. The report, published in March of 2021, suggested that Lordstown was little more than another “electric vehicle SPAC with no revenue and no sellable product, which we believe has misled investors on both its demand and production capabilities.”

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