GM will sell its 60% stake in battery maker to Texaco

Miller, Joe
October 2000
Automotive News;10/23/2000, Vol. 75 Issue 5900, p28
Trade Publication
Informs that automaker General Motors is selling its stake in battery-making joint venture GM-Ovonic LLC, to Texaco Inc., in the hope that Texaco can lower the costs of nickel-metal-hydride batteries. GM-Ovonic's supply of batteries for electric and hybrid cars.


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