Information contained in this news release is current as of the date of the press announcement, but may be subject to change without prior notice.
July 28, 2010
Tokyo, July 28, 2010, -- Hitachi Automotive Systems, Ltd. today announced that it will expect to meet shipment volume for requests of its customers. Hitachi Automotive systems, a wholly owned subsidiary of Hitachi, Ltd. (NYSE:HIT / TSE:6501), had recently faced delays in the shipment of engine control units (ECU), a key device in automotive engine systems. However, in strong collaboration with STMicroelectronics (NYSE: STM), a supplier of a custom IC that is a core component in ECUs, Hitachi Automotive Systems now expects to meet procurement volume requirements, starting from August of this year. As a result, it will be able to ship the required volumes of ECUs with no further delays. In the past few months, Hitachi and ST have jointly faced the challenge to keep up with unprecedented booming demand in the automotive market via close communication and cooperation, though recent stories in some medias regarding ST's role in meeting its commitments, may have been misleading.
Like much of the industry, our supply chain has been challenged by the rapid recovery in our end markets. In this situation, ST has been a fair and honest partner.Based on the long-standing and close cooperation with STMicroelectronics in the procurement of custom ICs, Hitachi Automotive Systems will continue to devote itself to ensuring a stable supply of ECUs and other automotive devices.
Hitachi Automotive Systems, Ltd., headquartered in Tokyo, Japan, a wholly owned subsidiary of Hitachi, Ltd., offers a broad range of automotive systems to global market. For more information, on Hitachi Automotive Systems, please visit the company's website at http://www.hitachi-automotive.co.jp/en/
Hitachi, Ltd., (NYSE: HIT / TSE: 6501), headquartered in Tokyo, Japan, is a leading global electronics company with approximately 360,000 employees worldwide. Fiscal 2009 (ended March 31, 2010) consolidated revenues totaled 8,968 billion yen ($96.4 billion). Hitachi will focus more than ever on the Social Innovation Business, which includes information and telecommunication systems, power systems, environmental, industrial and transportation systems, and social and urban systems, as well as the sophisticated materials and key devices that support them. For more information on Hitachi, please visit the company's website at http://www.hitachi.com.
