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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). Li-ion maker A123 Systems, Inc. Earlier post.). Earlier post , earlier post.)

Financing 225
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Perspective: Regional Greenhouse Gas Cap-and-Trade Programs May be the Solution

Green Car Congress

It covers ten Northeastern and Mid-Atlantic states (Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Rhode Island, and Vermont). If they don’t have enough allowances to cover their emissions they must purchase more or face a penalty. Northeastern Regional Greenhouse Gas Initiative (RGGI).

Gas 244
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Gas War: U.S. House Suggests Ending California Emissions Authority, White House Says Nope

The Truth About Cars

Those who want an electric vehicle and can afford it have every right to purchase one. People shouldn't be compelled to purchase them. Furthermore, the EPA cannot legally issue a formal ban on combustion vehicles. People with electric vehicles couldn't charge them to evacuate or heat their homes. said Congressman LaMalfa.