US Hybrid acquires Satcon Motor Division
The new company, Magmotor Technologies Inc. located in West Boylston, Mass., is a wholly owned subsidiary of US Hybrid Corporation.
Magmotor Technologies Inc. offers a broad range of brush and brushless servomotors, and custom designed motors that serve equipment manufacturers in several high-tech markets. Magmotor Technologies Inc. will strengthen US HybridsÂ’ capability to bring a complete line of components to medium and heavy-duty vehicle manufacturers.
“US Hybrid is now capable of providing cost-effective electromechanical motion and control solutions for both OEM and first tier suppliers,” says Guy Rini, EVP Commercial Vehicle Systems.
Magmotor Technologies will continue to serve equipment manufacturers while expanding its presence in the medium and heavy-duty markets.
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BERLIN - German lawmakers have finalized the country's long-awaited phase-out of coal as an energy source, backing a plan that environmental groups say isn't ambitious enough and free marketeers criticize as a waste of taxpayers' money.
Bills approved by both houses of parliament Friday envision shutting down the last coal-fired power plant by 2038 and spending some 40 billion euros ($45 billion) to help affected regions cope with the transition.
The plan is part of Germany's `energy transition' - an effort to wean Europe's biggest economy off planet-warming fossil fuels and generate all of the country's considerable energy needs from renewable sources.…
