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GEM commits to invest up to $100M in Skyworks Aeronautics; commercialization of eVTOL gyroplanes

Green Car Congress

announced a $100-million investment commitment from GEM Global Yield LLC SCS, a Luxembourg-based private alternative investment group. Skyworks Aeronautics Corp. Concurrent with a public listing of Skyworks Aeronautics shares, Skyworks Aeronautics will issue warrants to GEM to purchase up to 3% of the common stock of the company.

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Daimler Financial Services acquires PayCash Europe SA; launching “Mercedes pay” e-payment system

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“Mercedes pay” will be integrated into Daimler Mobility Services GmbH, a subsidiary of Daimler Financial Services, and incorporates a number of different mobility services, including the market leader in car-sharing, car2go, and the mytaxi taxi app, which operates in nine European countries.

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ATA files action against EU, calling ETS application to US airlines illegal

Green Car Congress

The Air Transport Association of America (ATA), the industry trade organization for the leading US airlines, brought action in the European Court of Justice (ECJ) in Luxembourg, calling for the European Union application of an Emissions Trading Scheme (ETS) to be dismissed and declared illegal.