Auto parts supplier Aptiv Plc APTV.N said on Tuesday it would acquire a majority stake in a unit of Italy Intercable for 595 million euros $605.71 million , allowing the US company access to technology used in electric vehicles EVs .Aptiv will own an 85 per cent stake in the unit, Intercable Automotive Solutions, which manufactures high-voltage busbars that carry more electrical power than traditional cables. It has manufacturing facilities in Europe and Asia. Intercable Automotive Solutions is an excellent strategic fit with Aptivs Signal Power Solutions segment, Aptiv Chief Executive Officer Kevin Clark said in a statement.Auto parts suppliers are increasingly investing in electric and battery technology to cater to the EV market, which could be worth $5 trillion ov <a href=https://www.stanley-cup.co.nz>stanley cup</a> er the next decade.Aptiv, which counts Tesla Inc TSLA.O and General Motors Co GM.N as customers, in January announced a multi- <a href=https://www.cups-stanley.us>stanley cup</a> billion-dollar deal for software developer Wind River to capitalize on the shift to software-oriented vehicles and diversify its revenue stream.The deal also comes amid automakers effort to replicate the success of Teslas electric vehicles, as they replace 12-volt wiring systems with much higher voltage cables.Aptivs deal for Intercable Automotive is expected to clo <a href=https://www.stanley-cups.com.es>stanley cup</a> se before the end of this year, following which the company will operate as a stand-alone business unit.The transaction is expected to add to Aptivs earnings next year. Shares of the company were down 2.7 per cent Idvk Burkina Faso soldiers announce overthrow of military government
Industrial fishing in the deep sea should be banned because it has depleted fish stocks that take longer to recover than other species, according to a paper by an international team of marine scientists.The article, published in the scientific journal Marine Policy, describes fishing operations that have in recent decades targeted the unregulated high seas after stocks near shore were <a href=https://www.stanley-cups.de>stanley cup</a> overfished.Describing the open ocean as more akin to a <a href=https://www.stanley-quencher.co.uk>stanley cups uk</a> watery desert, the scientists argue that vessels have targeted patches of productive areas sequentially, depleting the fish there and destroying deep-sea corals before moving on to new areas.Certain deep-sea species have gained widespread popularity 鈥?including orange roughy and Patagonian toothfish, other <a href=https://www.stanley-cup.com.de>stanley cup</a> wise known as Chilean sea bass 鈥?only to crash within a matter of years.Elliott Norse, president of the Marine Conservation Institute and the papers lead author, said the world has turned to deep-sea fishing out of desperation without realizing fish stocks there take much longer to recover. Were now fishing in the worst places to fish, Norse said in an interview. These things dont come back. As vessels use Global Positioning System devices and trawlers, which scrape massive metal plates across the sea bottom, the catch of deep-water species has increased seven-fold between 1960 and 2004, according to the U.N. Food and Agriculture Organization. What theyre doing out there is more like mining than fishing, said Kevin Hassett, director