Dana Becomes Majority Shareholder Of Hydro-Quebec’s TM4

By Mark Kane The electric motors, power inverters, and control systems manufacturer TM4 (a subsidiary of Hydro-Quebec) is now part of automotive supplier Dana. Dana acquired a majority stake in TM4 for CA$165 million (approximately US$127 million), but Hydro-Québec will maintain a 45% interest in TM4. The Canadian company was founded in 1998 …read more

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