Rolls Royce, the power systems manufacturer, has announced a tie-up with Korean outfit LG over its fuel cell business.
LG has spent $45m buying a 51% stake in Rolls Royce's subsidiary, Fuel Cell Systems, which is based in North Canton, Ohio.
The business has now been renamed LG Fuel Cell Systems but will continue to research, develop, test and commercialise solid oxide fuel cell technology.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
BS
-
Bitcoin price one of the most-asked questions on Alexa - here's how to buy the cryptocurrencyAccording to figures from Amazon, which cover September 2023 to November 2024, pop star Taylor Swift and Bitcoin were named among the most popular Alexa queries of 2024
-
Investing for children this Christmas – five ideasIt might not come with a shiny ribbon, but an investment fund could be the gift that keeps on giving. We share five ideas if you are investing for children this Christmas.
