Polaris makes deal to bring EV to core ATV products
Polaris Inc. has signed a 10-year partnership agreement with Zero Motorcycles to help develop an electric vehicle option for eachof its core product segments by 2025.Called Rev’d Up, the Medina-based company’s goal is become the leaderl in EV in the powersports industry.“We are not new to electric, what we are new to is electric to our core powersports customer that requires performance and range,” said Polaris Chief Executive Scott Wine.Polaris has produced some EV products, but the partnership with Scotts Valley, Calif.-based Zero will accelerate the development of a lineup of electric all-t...
Star Tribune (Minneapolis)
Judge blocks Peabody, Arch coal joint venture
ST. LOUIS — A federal judge on Tuesday blocked a proposed joint venture between two of the world’s largest private coal companies, Peabody Energy and Arch Resources, that federal regulators argued would allow the companies to dominate the Powder River Basin coal market.The Federal Trade Commission “has shown that there is a reasonable probability that the proposed joint venture will substantially impair competition in the market for Southern Powder River Basin coal,” U.S. District Judge Sarah Pitlyk ruled.St. Louis-based Peabody and Creve Coeur, Mo.-based Arch in June 2019 proposed combining t...
St. Louis Post-Dispatch
GM pushes back contract signing with Nikola as it likely renegotiates
DETROIT — General Motors has pushed back the closing date on its pending partnership with Nikola Corp., most likely to renegotiate the terms after Nikola’s stock price has plummeted.The Phoenix-based electric-truck company faces allegations of fraud, but GM has said it intends to complete the deal with the company.On Tuesday GM issued a statement that read: “Our transaction with Nikola has not closed. We are continuing our discussions with Nikola and will provide further updates when appropriate or required.”GM was tentatively due to close on a 10-year deal Wednesday. The deal would allow GM t...
Detroit Free Press
Delta to turn down CARES Act loan, take on debt backed by SkyMiles
ATLANTA — Delta Air Lines will turn down a federal loan through the CARES Act and instead take on debt backed by its SkyMiles frequent flier program.The move allows Atlanta-based Delta to avoid surrendering more control in return for new federal money. It also highlights the airline’s ability to tap capital markets and the continued popularity of credit cards offering frequent flier miles despite a steep drop in air travel.Delta got $5.4 billion in federal aid through the CARES Act passed by Congress, and had signed a letter of intent giving it the option of also taking a $4.6 billion loan thr...
The Atlanta Journal-Constitution
Here's how Kaepernick returned to 'Madden' even without an NFL contract
Video game enthusiasts didn’t have the chance to play as Colin Kaepernick in the three most recent editions of EA Sports’ Madden NFL franchise.This year Kaepernick returns to the game for Madden 21 after negotiating the rights to his likeness with the video game company, according to The Undefeated’s Aaron Dodson.EA Sports has not included the former 49ers star quarterback since the 2016 season, explaining that as a free agent, his likeness was not included in the group licensing agreement that the company negotiates with the NFL Players Association.But after the police killings of Breonna Tay...
The Mercury News
GM forms alliance with Honda to develop future products in North America
DETROIT — General Motors and Honda have a deal to share vehicle platforms and technology in North America starting next year.On Thursday the automakers said they have signed a non-binding memorandum of understanding to establish a North American automotive alliance. The deal has come together after extensive discussions.The proposed alliance will include sharing a range of vehicles, to be sold under each company’s distinct brands, as well as cooperation in purchasing, research and development, and connected services.Honda and GM plan to collaborate on purchasing supplies by leveraging their sc...
Detroit Free Press
On Minnesota farm, experiment could change how farmers get costly nitrogen
MINNEAPOLIS — After land and seed, nitrogen for fertilizer is the largest yearly expense for corn and soybean farmers. It costs more per acre than fuel, crop insurance or labor.Most nitrogen fertilizer comes from factories, where the element is pulled from the air and liquefied using hydrogen in an energy-intensive process. The liquid, or ammonia, is then transported to farms as fertilizer.Production of this fertilizer, which has revolutionized agriculture in the past century, is clustered around cities like Houston and Pittsburgh. Minnesota has none.But a Minnesota company in its infancy is h...
Star Tribune (Minneapolis)