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Ballard and MAHLE to Collaborate on Fuel Cell Propulsion Systems for Heavy- and Medium-Duty Trucks

VANCOUVER, BC and STUTTGART, Germany, Sept. 28, 2020 /CNW/ – Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced an agreement to collaborate with MAHLE, a leading international development partner and Tier 1 supplier to the commercial vehicle and automotive industry, on the development and commercialization of zero-emission fuel cell systems to provide primary propulsion power in various classes of commercial trucks. …read more […]

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Ford applies for German COVID-19 loan guarantees – Handelsblatt

Ford Motor , which operates two auto plants in Germany, has applied for 500 million euros ($582 million) of German loan guarantees aimed at cushioning the impact of the COVID-19 pandemic, business daily Handelsblatt reported on Monday. While Germany has given coronavirus-related aid to companies such as auto parts supplier Leoni , Ford would be the first major carmaker in the country to receive such help from the government. The auto sector, one of the key pillars of Germany’s industry, was struggling even before the pandemic due to the shift towards electric vehicles and lower worldwide demand. …read more […]

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Target-Date Funds Are a Recipe for Mediocrity

You know something that would be no fun… retiring broke.
What would be even worse is thinking you’re doing all the right stuff… and still retiring broke.
For a lot of folks, it’s becoming a scary and surprising reality.
They cut their debt. They save their money. And they stick their extra cash into a retirement fund. And yet when they sit down to crunch the numbers, they find out they’ve got way less than they need.
Worse… they’ve got way less than they could have had.
Let us explain. We may be able to help you avoid this Liberty-busting trap.
[mw-adbox]
Big Mistake
We’ve been in the …read more […]

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A 28-Year Old Billionaire Wins the SPAC Lottery

(Bloomberg Opinion) — After the troubles at Nikola Corp. you’d think stock market investors would have had their fill of startups that promise to revolutionize the trucking world.Yet this week another Texas-based truck electrification business, whose founder is even younger than Nikola’s, is poised to go public. And once again a special-purpose acquisition vehicle (or SPAC) is in the driving seat and making piles of money.Hyliion Inc.’s 28-year-old chief executive officer, Thomas Healy, will become a paper billionaire — a fact that’s sure to capture plenty of attention — as long as the shareholders of cash shell Tortoise Acquisition Corp. …read more […]

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Weibo owner Sina to be taken private by CEO in $2.6 billion deal

The offer price of $43.3 represents an 18% premium to stock’s close on July 2, the last trading day before Sina received the preliminary offer of $41 per share. Chao-controlled holding company, New Wave, owns a 12.15% stake in Sina as of July 10 and is the largest shareholder of the company, according to Refinitiv-Eikon data. The U.S.-listed shares of Sina were up about 8% in premarket trading. …read more […]

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Uber wins back London licence despite 'historical failings'

Uber has won a legal bid to restore its London operating licence which was taken away by the city’s transport regulator over safety concerns, after a judge decided on Monday that it was a fit and proper operator. Transport for London refused to grant the Silicon Valley-based company a new licence in 2019 due to what it called a “pattern of failures” and Uber argued it has since assuaged concerns over insurance verification and driver identification. “Despite their historical failings, I find them, now, to be a fit and proper person to hold a London PHV (private …read more […]