News Details
Williams Advanced Engineering Ltd sold
Reports have emerged that Williams Formula 1 team have sold their Williams Advanced Engineering sister company to an Australian mining company. Fortescue Metals Group (FMG.AX) said on Monday it will buy an engineering and battery company, founded by Williams Formula 1 team, for 164 million pounds ($222.2 million) in the Australian miner's push to decarbonise its fleet and equipment. The iron ore miner said it had been working with Williams Advanced Engineering Ltd (WAE) since early 2021 to build a prototype battery to power an electric haul truck, and will release more details this year on plans to develop an electric train project. It follows an aggressive push by Fortescue's...
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2y ago from GrandPrix247.com
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