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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.,

Financing 170
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FCA US reaches settlements on diesel emissions at estimated cost of $800M

Green Car Congress

FCA US has reached final settlements on civil, environmental and consumer claims with US federal and state agencies as well as private class actions to resolve differences over diesel emissions requirements. The estimated total cost of settlements is $0.8 billion, in line with financial charge taken for this purpose in third-quarter, 2018.

Cost Of 312
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California ARB approves ACC II rule; 100% of LDVs to be PHEVS, ZEV by 2035; LEV IV emissions requirements

Green Car Congress

The rule establishes a year-by-year roadmap so that by 2035 100% of new cars and light trucks sold in California will be zero-emission vehicles (ZEVs) and plug-in hybrid electric vehicles (PHEVs). It does not impact existing vehicles on the road today, which will still be legal to own and drive.

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AYRO launches low-speed Electric Vaccine Vehicle

Green Car Congress

When configured as a street-legal vehicle it can serve populations unable to get to vaccination sites because they don’t have access to transportation—including millions of high-risk older adults and low-income households. Element Fleet Management Corp.,

Vehicles 502
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Electrification Coalition launches online EV Policy Showroom

Green Car Congress

The Showroom includes the State EV Policy Dashboard; EV Roadmap Roundup; EV Funding and Financing Guide; EV Tools and Calculators Clearinghouse; AchiEVe Toolkit; Freight Electrification Report; and ZEV State Scorecard. The State EV Policy Dashboard displays the status of 10 leading state EV policy strategies, updated monthly.

Financing 448
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SEC charges Volkswagen AG, former CEO Winterkorn with defrauding bond investors during emissions fraud

Green Car Congress

By concealing the emissions scheme, Volkswagen reaped hundreds of millions of dollars in benefit by issuing the securities at more attractive rates for the company, according to the complaint.

Emissions 191
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BNEF: producing battery materials in the DRC could lower supply-chain emissions and add value to the country’s cobalt

Green Car Congress

The Democratic Republic of the Congo (DRC) can leverage its abundant cobalt resources and hydroelectric power to become a low-cost and low-emissions producer of lithium-ion battery cathode precursor materials, according to a new study on a unified African supply chain by BloombergNEF (BNEF).

Africa 221