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Dana invests CAD 165 million for TM4 electric drive joint venture with Hydro-Quebec

Dana and Hydro-Quebec announced a joint-venture partnership in which TM4, a subsidiary of Hydro-Quebec, will become Dana’s source for electric motors, power inverters, and control systems. As part of this agreement, Dana will become a majority shareholder of TM4 in exchange for CAD 165 million, while Hydro-Quebec mai....

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