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. 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. Resource Recycling Businesses.
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