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Michelin, Forvia, Stellantis seal restructuring deal for Symbio
Yahoo Finance· 2025-12-04 20:58
Michelin, Forvia and Stellantis have agreed on a restructuring and refinancing package for their hydrogen fuel cell JV Symbio, following months of uncertainty over its future. The three companies each hold a 33% share in Symbio and have jointly endorsed a plan that sharply reduces the size of the business and refocuses its activities. The move follows Stellantis’ decision in July to halt its hydrogen fuel cell technology programme and formally end its role as a customer for all hydrogen-related activitie ...