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DaimlerChrysler and Ford invest more in Ballard Power Systems, Inc.
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| DaimlerChrysler and Ford yesterday announced their joint provision of $58m in further funding of fuel cell development by their Canadian partner Ballard Power Systems, and their roles in the fuel cell alliance are to change. |
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Jul 9, 2004 17:07:06 |
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41 ( -6 -14.63% ) | | Author | Auto Industry |
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| Other author's news: | - Jaguar discusses production cuts with unions - Jaguar confirmed yesterday that it is preparing to cut production at all three of its assembly plants in Coventry, Castle Bromwich and Halewood, in view of a slowdown in sales, especially in North America. Jaguar employs approximately 7,300 people at the
- Aviva acquires HPI Group Holdings Ltd - Aviva plc has announced that its Norwich Union Insurance subsidiary has acquired the entire share capital of HPI Group Holdings Ltd from Phoenix Equity Partners for £118.5 million in cash and £1.5 million in loan notes.
- Federal-Mogul applies to wind up T&N pension scheme - The Independent reports today that 2,000-plus workers at Turner & Newell, the British firm acquired with heavy asbestos-related liabilities by Federal Mogul, are set to lose yet more of their pension savings, after Federal-Mogul moved to wind up the .
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