Thursday, July 29, 2021

Dana Incorporated picks up 1% stake in Switch Mobility for $18 million

Dana Incorporated picks up 1% stake in Switch Mobility for $18 million Switch Mobility has signed a strategic agreement with Dana under which the latter will also be a preferred supplier of electric drivetrain components for its e-bus and EV commercial vehicle offering, including e-axles, gearboxes, motors, inverters, software and controls, and electronics cooling, the company said in a statement.

from Moneycontrol Business News https://ift.tt/3l6yFgS

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US equities end lower as valuation concerns creep in

U.S. stocks closed lower on Wednesday as investors took profits amid concerns about high valuations flagged by Fed Chair Powell. The market ...