What’s going on at JCI? Speculation has been rife for several months that the firm’s batteries business, Power Solutions, could be coming up for sale.
The silence is tantalising. But whatever is going on behind the scenes, this battery diamond is adding to its lustre for a potential suitor by strengthening its presence in the Indian market— with longstanding lead-acid partner Amara Raja.
Meanwhile, Angela Merkel has admitted to being “sad” about Europe’s lack of cell production. But Mutti (as she is known in Germany) holds the key to the EU’s financial cookie jar. So better wipe away the tears and back the ILA’s campaign on lead— otherwise she’ll be joining thousands of others confined to the battery industry scrapheap.
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