Hydro-Québec subsidiary now has American primary shareholder

Hydro-Québec and an American auto parts supplier, Dana, will be creating a new joint venture following a $165-million investment into the Crown corporation’s subsidiary, TM4.
Hydro-Québec will still retain 45 per cent of the subsidiary’s capital as the Ohio-based supplier gains the ability to offer electric motors and other parts and systems.
TM4’s motors have already appeared in Dana’s catalogue, which supplies parts for more than 10,000 customers — s