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Dana buying majority stake in Canada's TM4 in effort to expand reach

TM4 is a subsidiary of Montreal-based electricity producer Hydro-Quebec. TM4 makes electric motors and other components for electric passenger cars, trucks and buses. (TM4)
June 22, 2018 05:00 AM

Supplier Dana Inc. is buying a majority stake in Canada’s TM4 Inc. for C$165 million (US$127 million), allowing the U.S. automotive supplier to become more vertically integrated in producing components for electric vehicles and to increase its reach in China.

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