Hitachi Restructures, Spinning Off Automotive Systems Business; to Launch Group-Wide Strategies for Li-ion Battery and Renewables Businesses
Green Car Congress
MARCH 16, 2009
The new company will concentrate business resources on automotive systems that address environmental and safety demands. At the same time, the new company will downsize, exit and restructure operations in business areas that offer little prospect of future market expansion or where Hitachi is uncompetitive.
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