General Motors Former Executives May Face Testifying and FuelCell to Provide Power Plant to British Columbia
General Motors Company (NYSE: GM) ex officials could be called in to testify in a U.S. Congress probe. U.S lawmakers are considering calling on the former executives and employees from parts supplier Delphi Automotive to testify in the probe of GM’s recall of 1.6 million vehicles that potentially had lethal ignition switch problems.
House Energy and Commerce Committee Chairman Fred Upton told Reuters, “We're not ruling anything out.” He was asked if his committee would elicit testimony from former GM officials, including ex-CEOs, and Delphi officials who may have been directly involved in reviewing the problem that first arose in 2001.
The current head of GM, CEO Mary Barra, is scheduled to testify at the maiden congressional hearing on April 1. The automaker’s troubled cars have been linked to 12 deaths.
General Motors Company (GM) designs, manufactures, and markets cars, crossovers, trucks, and automobile parts worldwide. The company markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Opel, Holden, and Vauxhall brand names, as well as under the Alpheon, Jiefang, Baojun, and Wuling brand names. It also sells cars and trucks to dealers for consumer retail sales, as well as to fleet customers, including daily rental car companies, commercial fleet customers, leasing companies, and governments.
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FuelCell Energy Inc. (NASDAQ: FCEL) shares moved higher after it was revealed that the largest publicly traded US fuel cell manufacturer would provide a power plant for a greenhouse facility in British Columbia. FuelCell Energy will provide a power plant for a C$7.5 million, or $6.7 million, project that will convert landfill gas into electricity and carbon dioxide to sustain plants at a Canadian greenhouse. In a statement, Village Farms International said that it combined the fuel cell with a system from Quadrogen Power Systems that gathers and separates landfill gas. One stream of the gas powers the fuel cell and the "food-grade" carbon dioxide feeds the plants.
FuelCell Energy, Inc., together with its subsidiaries, designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed baseload power generation. It offers Direct FuelCell power plants that electrochemically produce electricity and heat using various fuels, including natural gas, methanol, diesel, biogas, coal gas, coal mine methane, and propane
Get more information on FuelCell Energy Inc. free access to the in depth equity report at: www.TrendingWallStreet.com/stockquote/FCEL
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