Blogs

National Electric Vehicle Sweden AB

National Electric Vehicle Sweden AB (NEVS) has finalized its acquisition of the main assets of Saab Automobile AB, Saab Automobile Powertrain AB and Saab Automobile Tools AB, effective August 31, 2012. The prerequisites for implementing the NEVS business plan are now in place. The acquisition includes IP rights for the Saab 9-3, IP rights for the Phoenix platform, tools, the manufacturing plant, and test and laboratory facilities. The acquisition also comprises all outstanding shares in the property company which owned the Saab facilities in Trollhättan, Sweden.

NEVS has signed a licensing agreement with Saab AB regarding the rights to use the Saab brand name for its future vehicles. The vehicle manufacturing company is named National Electric Vehicle Sweden AB, “NEVS”. The vehicles and related products and services will be named SAAB. The present logotype will not be used.

Recruitment to the management team and key positions is in progress. As of today, about 75 people have received employment offers.

Portage drilling on the rise; foes warn of impact of injection wells
Recordpub

Portage County could be on the front lines of the fracking war as the oil and gas industry looks for more ways to dispose of its waste products.

Portage already has 16 active wells, the highest concentration of Class II injection wells in Ohio, which has 172 active wells scattered over some 40 counties. The wells are used to dispose of “fracking fluid” and other wastes from oil and gas drilling.

Concerned Citizens of Ohio, a loose confederation of groups in Northeastern Ohio, is raising awareness about the potential dangers of the wells and the traffic associated with them.

“We don’t want any more injection wells. We know the trucks that are surrounding us are filled with hydrochloric acid, liquefied petroleum gas, potassium hydroxide solution,” said Mary Greer of Shalersville.

Farmers eligible for energy grants
Delmarva Daily Times
The Maryland Energy Administration has announced an agricultural energy efficiency program aimed at covering up to 75 percent of the cost associated with increasing insulation, ventilation, irrigation or HVAC upgrades. The grant was named in honor of ...

State defends safety of ‘fracking’ waste disposal
Dispatch

Environmental advocates say the state’s refusal to conduct regular, comprehensive tests for toxic chemicals in the millions of gallons of “fracking” wastes sent down Ohio disposal wells puts the public in jeopardy.

“Folks have a right to know what’s being injected into the ground, both during the fracking process and during disposal,” said Cheryl Johncox, the director of the Buckeye Forest Council....

Fracking ignites big controversies in Eastern Europe
Opelousas Daily World

Chevron — the Northern California-based oil and gas company — has been quietly acquiring rights to drill for natural gas in Eastern Europe using "fracking" technology — a controversial technique. However, grassroots opposition in Bulgaria and ...

Maryland had highest rate of new foreclosure filings in U.S.

The rate of new foreclosure filings in Maryland far exceeded any other state's this spring, a spike caused in large part by the national robo-signing legal settlement that unleashed a flood of new cases.

Almost 20 in every 1,000 home loans in Maryland — twice the national average — were drawn into the foreclosure process during April, May and June, according to survey data released Thursday by the Washington-based Mortgage Bankers Association.

"If you look at what's going on in foreclosure starts, Maryland now has exceeded Florida, has exceeded Georgia — some of the states that have been up there at the top in terms of the percent of loans on which foreclosure actions have started," said Jay Brinkmann, the trade group's chief economist.