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By Erica Zhu Feilong Jiangli
Warren Buffett's Berkshire Hathaway has taken steps to enter the lithium industry and negotiated to allow the extraction of lithium from the company's geothermal wells in California. According to a financing document, the joint venture hopes to produce up to 90,000 tons of lithium carbonate annually from Berkshire's Solton Lake Geothermal Power Plant, valued at about $1.5 billion (about 10.2 billion yuan) at current prices.
According to people familiar with the matter, the company has been negotiating with Tesla on the supply of lithium, a key material for electric vehicle batteries. If the project is successful, it will provide reliable lithium materials for American automobile manufacturers and battery manufacturers and reduce dependence on large lithium producers in Chile and Australia. Currently, the only lithium supply in the United States comes from Yabao's Yinfeng Mine in Nevada.
Solton Lake Geothermal Power Plant has the potential to become one of the largest lithium resources in the world, comparable to Leithium Triangle in Chile and Argentina. Tesla had previously been interested in the potential of Lake Solton. In 2014, Elon Musk, Tesla's chief executive, wanted to buy Simbol Materials for $325 million (2.21 billion yuan). The company had considered extracting lithium from the geothermal power plant in the region, but it rejected Tesla's acquisition.
Berkshire Hathaway has reportedly been authorized to extract lithium from 10 geothermal facilities in the Salton Lake area. The company initially hoped to raise $20 million (about 140 million yuan) through private equity to grant lithium extraction rights to its new company Salton Sea Industries. The company expects that the project will eventually cost about $2.5 billion (about 17 billion yuan).
But according to Reuters, Berkshire Hathaway denied the rumor. A spokesman for Berkshire-Hathaway said: "No one has yet obtained permission to extract lithium or any other mineral from a geothermal well in California."
My other 2014 chevy equinox stared to make noise and after about a week or so it good enough of a hum to be able to identify what wheel was making the noise. I looked around online for a replacement but ended up going with the AC Delco OE from rock auto because the price was less than some of the aftermarket moog and second like versions at the major retailers. Replaced and working good. If you do one of these, you need a slide hammer to get it out, even though it's bolted in.
New RockAuto Mobile Site! It is now easier than ever to find and order auto parts from your mobile device with RockAuto.com’s new mobile catalog! The mobile catalog offers the same huge selection and reliably low prices as the desktop computer catalog, but it is optimized for smart phones and tablets with features including:
Simplified navigation to part descriptions, part photos, Cart and Help. A side alphabet for quicker access to vehicle make: tap "C" for Cadillac, tap "M" for Mazda... A handy Menu (quick access to your account) and a Search Bar at the top make it easy to head in the right direction. Try out our new mobile catalog by visiting
link hidden, please login to view via your smart phone or tablet! You can also see the new mobile catalog from a desktop (It will be jumbo sized!) by clicking "Mobile Site" in the bottom right corner of RockAuto.com. link hidden, please login to view
Advance Auto Parts, Inc. (NYSE: AAP) has acquired the DieHard brand from Transform Holdco LLC (“Transformco”), for $200 million utilizing cash on hand.
“We are excited to acquire global ownership of an iconic American brand. DieHard will help differentiate Advance, drive increased DIY customer traffic and build a unique value proposition for our Professional customers and Independent Carquest partners. DieHard has the highest brand awareness and regard of any automotive battery brand in North America and will enable Advance to build a leadership position within the critical battery category,” said Tom Greco, president and CEO, Advance Auto Parts. “DieHard stands for durability and reliability and we will strengthen and leverage the brand in other battery categories, such as marine and recreational vehicles. We also see opportunities to extend DieHard in other automotive categories. We remain committed to providing our customers with high-quality products and excellent service. The addition of DieHard to our industry leading assortment of national brands, OE parts and owned brands will enable us to differentiate Advance and drive significant long-term shareholder value.”
AmazonBasics High Mileage Motor Oil - Synthetic Blend
AmazonBasics high-mileage synthetic-blend motor oil offers an enhanced level of protection for engines over 75,000 miles. Its synthetic blend combines conventional oil with synthetic for cost efficiency with some of the benefits of a full synthetic. An important part of routine maintenance, the motor oil works well for anything from topping off levels to complete oil changes. Whether it’s a beloved older vehicle or one with an uncertain maintenance history, help protect its engine with AmazonBasics high-mileage, synthetic-blend motor oil.
When selecting parts for a car repair, it pays to know the differences between original and aftermarket parts. Whenever possible, get estimates for both.
Choosing between original and aftermarket car parts — and even used parts of either type — is all about squaring your priorities with your budget.
You’ll have different options depending on the part and the shop. And the best choice will depend on whether you’re trying to keep repairs cheap, restore your car’s appearance after a wreck or soup up your ride.
Original equipment manufacturer (OEM) parts match those that came with your car, and are of the same quality as its original parts. They’re also the most expensive.
The factory-recommended replacement intervals for filters can vary quite a bit depending on the year, make and model of the vehicle, as well as how it is driven. As a rule, older vehicles (those more than 15 to 20 years old) typically have more frequent service intervals than newer vehicles. Why? Because late-model vehicles require less maintenance, thanks to improvements in motor oils, transmission fluids, engine design and filter media.
Many long-life air and oil filters use synthetic fiber media or a blend of cellulose and synthetic fibers to extend filter life.
Changing the oil and filter every 3,000 miles was standard practice decades ago. But it’s no longer necessary because most multi-viscosity oils today are a synthetic blend or a full synthetic that resist viscosity breakdown and oxidation for a much longer period of time. Late-model fuel-injected engines also run much cleaner than their carbureted ancestors, which reduces oil contamination in the crankcase.
Air filters, cabin air filters, oil filters and (sometimes) fuel and transmission filters are important maintenance parts that typically are replaced according to a time and/or mileage schedule. A vehicle’s service schedule recommendations can be found in the owner’s manual or in a separate brochure. Unfortunately, many motorists never read – or totally ignore – the recommendations.
Factory service schedules are designed to prolong the life of the engine, transmission and cooling system, to reduce premature wear and breakdowns, but also to minimize maintenance costs while the vehicle is still under warranty. That’s why factory oil change recommendations have been stretched to 7,500 to 10,000 miles or more on many late-model vehicles. Most late-model cars and light trucks no longer have recommended change intervals for transmission fluid and filters, or for fuel filters. These so-called “lifetime” fluids and filters are supposed to last a long time – but they won’t last forever. Experience has shown that “lifetime” filters and fluids don’t live up to the hype.
Fuel filters always should be replaced when a fuel pump is replaced (unless the filter is part of the fuel pump module assembly). Likewise, transmission filters should be replaced if a customer is changing the fluid in their transmission.
Last Line of Defense Against Contaminants
Filters are the first line of defense against contaminants. Air filters keep dirt and abrasive particles out of the engine. A good-quality air filter will trap about 98 percent or more of the particles that can cause trouble inside an engine. As the filter media becomes saturated with dirt, it’s efficiency actually increases. But, as the filter becomes clogged with more and more dirt, it also becomes more restrictive to airflow. The greater the pressure drop across the filter, the more it hurts performance and fuel economy.