Powering Up Fuel Cells - General Motors’ prototype stationary fuel cell - Brief Article
The new business is expected to generate annual sales of approximately $40 million, the company said. “This new business strengthens Stackpole’s position as the leading supplier of automotive engine and transmission oil pumps in North America”, said Robert Lander, President and Chief Executive Officer of Stackpole. “Over the next two years, Stackpole’s oil pump business will increase production on new booked programs with annual sales exceeding $75 million. In addition, we continue to work with several automotive customers on oil pump development programs that offer potential for significant further growth for 2004 and beyond.”
“We’re delighted that General Motors, the nation’s largest automaker, will expand XM’s service throughout its car and truck line,” said XM President and CEO Hugh Panero. “GM, as an auto technology leader, is making a powerful statement about consumer demand for our service as we prepare to launch Sept. 12.”