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Avis Budget group to acquire car-sharing company Zipcar in cash deal for approximately $500 million

Green Car Congress

Rental car company Avis Budget Group, Inc. Nelson, Avis Budget Group chairman and CEO. In particular, Avis Budget expects significant cost reductions across the fleet life cycle (from procurement to operations and maintenance to disposition, as well as financing), in addition to savings from eliminating Zipcar’s public-company costs.

Companies 218
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Audi increases upfront expenditure for electric mobility; €12B by 2024

Green Car Congress

—Alexander Seitz, Board of Management Member for Finance, China and Legal Affairs at Audi AG. “. By 2025, the Audi Group intends to have more than 30 electrified models in its product range, 20 of which will be fully electric. The cross-brand architectures will enable high Group synergies to be utilized in the future.

Audi 199
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Volkswagen again reaffirms 20 new PEV models coming across the Group; MEB development

Green Car Congress

In his remarks at the Annual Media Conference, where the Group presented 2015 results, Matthias Müller, Chairman of the Board of Management of Volkswagen AG, said that 2016 will be a year of transition for Volkswagen, and will also see the accelerated transformation of the company. The Volkswagen Group delivered 9.9 Earlier post.)

2015 150
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Group of 285 global investors with more than $20T in assets under management calls for urgent action on investment-grade climate change and energy policies; guidelines for governments

Green Car Congress

Saying that “ investment-grade climate change and clean energy policy is required to shift private sector investment from high-carbon to low-carbon assets ”, a group of 285 investors has urged governments and international policy makers to take new and meaningful steps in the fight against climate change.

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Valeo acquires electric supercharger business from Controlled Power

Green Car Congress

VTES will be integrated into Valeo’s Powertrain Systems Business Group with immediate effect. CPT was advised on the transaction by Turquoise International (corporate finance) and Matthew Arnold Baldwin (legal & tax). Unlike exhaust-driven turbochargers, electric superchargers are driven by an electric motor.

Power 326
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Energy ministers agree to help speed up global deployment of carbon capture and storage

Green Car Congress

At a meeting in the United Arab Emirates, Ministers at the Clean Energy Ministerial endorsed recommendations from the Carbon Capture, Use and Storage (CCUS) Action Group chaired by Australia and the UK. A number of actions have already been initiated in support of the CCUS Action Group’s recommendations.

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ASML’s threat to leave uncovers deeper concerns in Netherlands Inc – ET Auto

Baua Electric

. “Many stock market-listed companies are investigating moving their head office to another country,” Ingrid Thijssen, the head of the country’s largest industry group VNO-NCW told Reuters. ” Chip equipment supplier ASM International recently expanded in the U.S. “You’d need two hands to count them.”