Summit Ridge Energy, a new solar company led by former employees of bankrupt SunEdison Inc., obtained funding from New York-based Aligned Intermediary, an investment adviser focused on climate-related projects, raised capital from five members of its team and six outside backers. Summit Ridge will initially focus on the East Coast andContinue Reading

SAIC Motor, the Shanghai-based firm, which has joint ventures with General Motors and Volkswagen in China is likely to introduce electric cars in India which would compete with Mahindra & Mahindra. For this it has created a fully-owned subsidiary, MG Motor India. SAIC Motor owns the MG, Roewe and Maxus brands and saysContinue Reading