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Stock impact report

Action Plan 2035: Hydro-Québec focuses on its mission and exercises the put option of its minority interest in Dana TM4 [Yahoo! Finance]

Dana Incorporated (DAN) 
Last dana incorporated earnings: 4/30 06:59 am Check Earnings Report
Company Research Source: Yahoo! Finance
Significant challenges drive Hydro-Québec to refocus on its priority to decarbonize, contribute to Québec's prosperity and meet customers' expectations. Considering these circumstances and Dana TM4's solid financial performance, Hydro-Québec has decided to exercise its put option to sell its remaining 45% interest to Dana Incorporated. "Our Action Plan 2035 is very ambitious. To carry it out, we need to focus on our core business and the to $180 billion of investments required," said Maxime Aucoin , Executive Vice President – Strategy and Finance. "Hydro-Québec is proud of the achievements made during its partnership with Dana , particularly the collaborative development and marketing of the TM4 technology." The timing is right: Dana TM4 has reached significant milestones in recent years, and since the partnership's creation in 2018, it has succeeded in securing major contracts that have grown the company's profits. The Boucherville installations are well established and the numbe Show less Read more
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