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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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FCA US reaches settlements on diesel emissions at estimated cost of $800M

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The estimated total cost of settlements is $0.8 Customer compensation, the estimated future cost of the extended warranty and the cost of environmental mitigation efforts also account for approximately $400 million, bringingbthecestimated total to $800 million. 6 million to Customs and Border Protection.

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Eos Energy launches $500M Project AMAZE with $398.6M conditional loan guarantee from DOE; long-term zinc-based storage

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The issuance of conditional commitment by the DOE was preceded by legal, technical and commercial due diligence by the LPO to evaluate the loan and the project’s potential to meet market demand and commercial and environmental benchmarks.

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General Motors to Move from Long-Running Detroit HQ Into a New Location Across Town

The Truth About Cars

There will be costs associated with the move, and GM will take on leasing costs it didn’t have before, but the new location will help cut unneeded office space. He did say that GM’s executives and corporate offices, including finance, legal, and other departments would make the move.

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Velocys in strategic alliance with Morimatsu for modular, lower cost GTL and BTL plants

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This will drive down costs for GTL and biomass-to-liquids (BTL) plants based on Velocys technology by optimizing the design and fabrication of plant modules. Velocys expects the terms of the MOU to be reflected in legally binding documentation within the next few months. a subsidiary of Morimatsu Industry Co.,

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Skeleton Technologies raises €41.3 million in Series D from top European entrepreneurs

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million) Series D financing round. This Series D financing builds on a strong year for Skeleton Technologies, which saw a tripling of its revenues. Ellex Raidla acted as legal advisors to Skeleton Technologies. European ultracapacitor leader Skeleton Technologies completed a €41.3-million million (US$48.4

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FreeWire Technologies raises $125M in Series D; battery-integrated ultrafast EV charging stations

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The financing consists of a Senior Convertible Note provided exclusively by funds and accounts managed by BlackRock Financial Management, Inc. In addition to lowering total operating costs, FreeWire’s integrated battery enables distributed energy services that would otherwise not have existed.

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