Texaco and General Motors Corp. announce Texaco's intent to acquire GM's share of a joint venture that has developed an advanced battery technology for the automotive market. Under the terms of the memorandum of understanding, Texaco will acquire GM's 60% share of an existing joint venture with Energy Conversion Devices (ECD), a company in which Texaco already holds a 20% interest. GM and Ovonic Battery Co., a subsidiary of ECD, formed the joint venture — GM Ovonic — in 1994 to ...

Premium Content (PAID Subscription Required)

"Printer-friendly" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!

For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622

Current subscribers, please login or CLICK for support information.

Already registered? here.