• Germany Recharges Car Industry With $1.12 Billion Fund For Battery Production

    28 days ago - By Fortune

    The German car industry is crucial to the country's economy, but it has a problem: the industry is going electric and, right now, the big battery manufacturers are all out in Asia.
    That, however, is set to change. The German government has been aware of the issue for a while and in September said that it would provide political support for local battery production. Now it's ready to go one step further.
    On Tuesday, economy minister Peter Altmaier announced that the German government has set aside around EUR1 billion to support home production of battery cells. According to Reuters...
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  • Johnson Controls sells its power business to Brookfield in $13 billion deal

    28 days ago - By Reuters

    Johnson Controls International Plc said on Tuesday it would sell its power solutions business, which makes car batteries, to investment firm Brookfield Business Partners L.P., in a cash transaction valued at $13.2 billion.
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