Johnson-Saft to build batteries for BMW hybrid
DETROIT Oct 14 (Reuters) - A joint venture of Johnson Controls Inc (JCI.N) and French battery maker Saft (S1A.PA) said on Tuesday it would provide lithium-ion batteries for BMW AG's (BMWG.DE) 7 Series hybrid car.
The lithium-ion cells and modules for the BMW ActiveHybrid car, currently being showcased at the Paris motor show, will be produced at the Johnson Controls-Saft production facility in Nersac, France, it said in a statement. (Reporting by Soyoung Kim, editing by Gerald E. McCormick)
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DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.