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A123 Systems receives interim court approval of $50M DIP financing from Wanxiang; responds to objections from Wanxiang, Fisker and others on asset sales process

Green Car Congress

announced that the United States Bankruptcy Court for the District of Delaware (the "Court") has granted A123 interim approval to use $50 million of Debtor-in-Possession (DIP) financing, which is being provided by Wanxiang Group Corporation (Wanxiang). The financing supplements the pre-petition $22.5 Earlier post.).

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Twitter refuses Elon Musk’s renewed $44B bid

Teslarati

This news comes after reports of Elon Musk’s asking the Delaware court to halt the upcoming trial. He renewed his offer to purchase the social media network this week and shared a few details about his goals. Elon Musk’s attorneys said the trial should be adjourned to give the Tesla CEO more time to secure financing.

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Johnson Controls to acquire automotive assets of Li-ion maker A123 Systems for $125M; A123 and US subsidiaries file for Chapter 11 bankruptcy

Green Car Congress

a developer and manufacturer of advanced Nanophosphate lithium iron phosphate batteries and systems, has entered into an asset purchase agreement with Johnson Controls, Inc. District of Delaware. million in “debtor in possession” (DIP) financing to support continued operations. A123 Systems, Inc.,

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Abandoned History: Oldsmobile's Guidestar Navigation System and Other Cartography (Part VI)

The Truth About Cars

But behind the layers of finance and paperwork, Guidestar GPS was developed. & In case you were curious, in 1996 Guidestar worked in California, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Maryland, Maine, Massachusetts, Michigan, New Hampshire, New Jersey, New York, Rhode Island, Vermont, and Virginia. Let me know.

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Pennsylvania DEP awards nearly $517,000 in clean diesel grants

Green Car Congress

Each of the four recipients will match a percentage of the grant amount with their own funds to purchase compressed natural gas-powered vehicles; retrofit diesel engines with cleaner technology; replace older, more polluting diesel buses with cleaner diesel buses; or purchase hybrid electric-powered buses.

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US DOT Awards $100M in Recovery Act Funds to 43 Transit Projects to Reduce Energy Consumption and Greenhouse Gas Emissions

Green Car Congress

Stationary Fuel Cells and Hybrid Transit Buses Incremental Costs: The purchase of diesel-electric hybrid transit buses and stationary fuel cells for use in the statewide bus system in Connecticut. Statewide Paratransit Bus Hybrid Program: Purchase 31 paratransit hybrid buses to replace 31 gas and diesel vehicles.

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DOE to award $11M to 20 new Clean Cities projects for alt fuel cars and trucks

Green Car Congress

Natural Gas Credit Purchase system; deliver technical and safety workshops. Purchasing Agreements; train and deploy Energy Coaches who will work. Purchasing Agreements; train and deploy Energy Coaches who will work. Delaware Valley. The Unlocking Private Sector Financing for Alternative Fuel Vehicles and.

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