LG buys controlling stake in Rolls-Royce fuel cell business
Rolls Royce, the power systems manufacturer, has announced a tie-up with Korean outfit LG over its fuel cell business.
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
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Career ‘pension gaps’ could reduce average worker’s retirement pot by six-figure sums, new report finds
News The report by the Institute and Faculty of Actuaries (IFoA) has shown key career decisions, like opting out of an employer’s auto-enrolment scheme, could significantly reduce final pension pots.
By Henry Sandercock Published
-
Is the US dollar losing its appeal?
The US dollar is looking oversold in the short term and is due a bounce. What does it mean for global markets and the upcoming US elections?
By Dominic Frisby Published