The joint venture named Mitsubishi Hitachi Power Systems (MHPS) began operations in February 2014. In November 2012, Hitachi and Mitsubishi Heavy Industries agreed to merge their thermal power generation businesses into a joint venture to be owned 65% by Mitsubishi Heavy Industries and 35% by Hitachi. In October 2012, Hitachi agreed to acquire the United Kingdom-based nuclear energy company Horizon Nuclear Power, which plans to construct up to six nuclear power plants in the UK, from E.ON and RWE for £700 million. In September 2012, Hitachi announced that it had invented a long-term data solution out of quartz glass that was capable of preserving information for millions of years. In January 2012, Hitachi announced it would stop producing televisions in Japan. The transaction was completed in March 2012. Due to concerns of a duopoly of WD and Seagate Technology by the EU Commission and the Federal Trade Commission, Hitachi's 3.5" HDD division was sold to Toshiba. In March 2011, Hitachi agreed to sell its hard disk drive subsidiary, HGST, to Western Digital for a combination of cash and shares worth US$4.3 billion. This prompted Hitachi to restructure and sell a number of divisions and businesses, a process that is expected to end in 2021. įrom 2006 to 2010, Hitachi lost US$12.5 billion, the largest corporate loss in Japanese history.
Mainly window air conditioners were produced. However air conditioners were a matter of great pride. Volumes of production of air conditioners in the USSR were small, about 500,000 per year.
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The Baku factory was established under the license of Japanese company Hitachi. The Soviet Union started to produce air conditioners in 1975. Hitachi's reconstruction efforts after the war were hindered by a labor strike in 1950. Founder Odaira was removed from the company and Hitachi Zosen Corporation was spun out. World War II had a significant impact on the company with many of its factories being destroyed by Allied bombing raids, and discord after the war. Odaira coined the company's toponymic name by superimposing two kanji characters: hi meaning "sun" and tachi meaning "rise". Odaira moved headquarters to Tokyo in 1918. The company began as an in-house venture of Fusanosuke Kuhara's mining company in Hitachi, Ibaraki. The company's first product was Japan's first 4-kilowatt (5 hp) induction motor, initially developed for use in copper mining. Hitachi was founded in 1910 by electrical engineer Namihei Odaira (1874–1951) in Ibaraki Prefecture. ‘His strong leadership and communications experience as well as long-standing relationships with the financial community will help tremendously as we spearhead the industry, creating shareholder value and taking Luminar to the next level.Hitachi logo, in which visible is the symbol on the left that is still used as its corporate symbol ( monshō) and in favicons of some of the group companies like Hitachi Rail and Hitachi Astemo Luminar’s chief financial officer, Tom Fennimore, says in a statement: ‘Trey’s background in leading and growing an investor relations practice at a publicly traded global technology corporation will be invaluable to Luminar as we continue to execute on our near and long-term initiatives to fulfill our vision. He has spent the last 20 years of his career at Intel Corporation in a variety of functional roles, including corporate strategy, information technology, sales and marketing and, most recently, investor relations. He started his career at Ford Motor Company, ultimately acting as the special counsel to the general counsel.Īustin Russell, Luminar’s founder and CEO, says in a statement: ‘Alan understands the challenges and nuances of operating in both the autonomous driving space and in the automotive industry more broadly, and we look forward to his insights and expertise as we continue to scale our business and accelerate the expansion of our product and commercial roadmaps.’Ĭampbell joins Luminar to lead its investor relations efforts.
Before working at Tesla, he served as senior counsel for Uber’s Advanced Technology Group. Prescott joins Luminar from Tesla, where he spent four years, including a recent stint as its general counsel. The company listed on Nasdaq in December 2020, following a merger with special purpose acquisition company Gores Metropoulos. Luminar Technologies has announced the appointment of Alan Prescott as chief legal officer and Trey Campbell as vice president of investor relations.
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