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 automotive market is experiencing difficult conditions due to the rapid contraction of global demand. Furthermore, to strengthen cost competitiveness more production of starters, suspension and other products will be transferred to subsidiaries in China, Thailand and elsewhere, and materials will increasingly be procured locally.
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