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Daimler takes minority stake in Sila Nanotechnologies; next-generation lithium-ion battery materials

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(Sila Nano) ( earlier post ) as part of Daimler’s research and development activities in support of electromobility. The investment forms part of Sila Nano’s $170-million Series E financing, which was led by Daimler. The investment forms part of Sila Nano’s $170-million Series E financing, which was led by Daimler.

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Volkswagen Group investing $700M in XPENG for 5% stake, VW EV development; Audi jointly developing EVs with SAIC

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As part of the close and long-term strategic cooperation, the Volkswagen Group is to invest approximately US$700 million in the Chinese manufacturer of intelligent electric cars. The details of cooperation on future e-platforms are the subject of further negotiations between the partners.

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

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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. FCA US has also settled a putative class action on behalf of private consumers. 6 million to Customs and Border Protection.

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California ARB fines Ford $2.96 million for sales of non-compliant On-Board Diagnostic systems in California

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million, $740,000 will go to the California Pollution Control Financing Authority (CPCFA), which provides financial assistance to projects aimed at reducing pollution and waste and encouraging the use of renewable energy. In addition to the $740,000 for the CPCFA, $2.22

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Valeo acquires electric supercharger business from Controlled Power

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As part of its strategy of developing solutions to reduce CO 2 emissions, Valeo has acquired the Variable Torque Enhancement System (VTES) ( earlier post ) business of UK automotive technology development company Controlled Power Technologies (CPT). VTES will be integrated into Valeo’s Powertrain Systems Business Group with immediate effect.

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Summary of decisions from Durban climate conference

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Governments at the COP17 meeting decided to adopt some form of a universal legal agreement on climate change as soon. future agreements. access the fund, boosting their efforts to establish their own clean energy futures and adapt to. A Standing Committee is to keep an overview of climate finance in the context of the UNFCCC.

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AlixPartners study finds post-crisis auto industry facing new set of challenges; sales projected below historical levels for foreseeable future

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According to the study, historically, approximately one of every five vehicles sold is financed by home-value appreciation, a ratio that’s likely to decrease with the continuing stagnancy in home values. House appreciation historically has been used to finance the purchase of a new vehicle about 20% of the time. million in 2006.