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Lordstown Motors files for Chapter 11, sues Foxconn; selling off Endurance electric pickup

Green Car Congress

Lordstown is commencing a comprehensive marketing and sale process for the Endurance electric pickup and related assets. Jefferies is acting as financial advisor to the Company, and White & Case LLP is acting as legal counsel. Earlier post.)

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Twitter urges shareholders to approve $44bn Musk buyout

Teslarati

However, Musk has retracted his interest in purchasing the platform after claiming Twitter has not accurately depicted the site’s population of robot accounts , which could technically affect the valuation of the company. Twitter sued Musk in an attempt to force the purchase. I’d love to hear from you!

Legal 97
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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.)

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Tesla’s Chief Accounting Officer sells over 4,450 shares for nearly $3M

Teslarati

Tesla’s Chief Accounting Officer Vaibhav Taneja has unloaded 4,459 shares of the electric automaker’s stock, taking home $2,947,330 due to the sale, SEC documents reveal. due to the sale of common stock. Meanwhile, Tesla’s VP of Legal Al Prescott joined LiDAR company Luminar in late April.

India 140
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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

House of Representatives that would prevent California from receiving federal waivers to set standards limiting the sale of gasoline-driven automobiles. Those who want an electric vehicle and can afford it have every right to purchase one. People shouldn't be compelled to purchase them. said Congressman LaMalfa.