JAPAN: Hitachi to control Unisia Jecs - paper
Hitachi is to take control of Unisia Jecs, a car parts maker affiliated with Nissan Motor, the Financial Times (FT) reported, saying that the deal highlights the growing role of electronics in the automotive sector. Hitachi will buy out Unisia Jecs's main shareholders, including Nissan's 25.3 per cent and Robert Bosch's 10.1 per cent, in a share swap, the FT said. Hitachi already owns 16.7 per cent of the company, which is one of Nissan's top suppliers of braking and steering systems, the newspaper added.
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