EU Clears Magna, Semikron To Form Electric Car Parts JV

Date : 09/17/2010 @ 6:33AM
Source : Dow Jones News
Stock : Magna International, Inc. (MGA)
Quote : 41.77  0.37 (0.89%) @ 4:02PM

EU Clears Magna, Semikron To Form Electric Car Parts JV

Magna (NYSE:MGA)
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The European Commission Friday cleared Canadian auto parts firm Magna International Inc. (MGA) and German electronics firm Semikron Elektronik GmbH & Co. to form a joint venture making power supply parts for electric and hybrid cars.

The joint venture will be called Vepoint.

-By Matthew Dalton, Dow Jones Newswires; +32 (0)2 741 1 487; matthew.dalton@dowjones.com

 
 



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