Saturday, 20 December 2014
Last updated 1 day ago
Nov 8 2009 | 9:20am ET
The French government will invest EUR 125 million ($186 million) in a joint venture by partners Renault SA and Nissan Motor Co. to make batteries for electric cars.
The companies expect to produce 100,000 batteries annually at the French site of Flins, with production starting by 2012. The batteries will power Renault’s planned electric vehicles, but will also be sold to other automakers. Renault says Flins will also be the manufacturing site for its zero-emissions car, the Zoe, production of which should also begin in 2012.
Carlos Ghosn, who heads both companies, believes electric cars will account for 10% of the world auto market by 2020.
The investment is worth an estimated EUR 600 million ($891 million). The French government’s contribution will be made through its strategic investment fund.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.