TOKYO: Japanese electronics conglomerate Toshiba Corp said yesterday it would produce motors to be used in Ford Motor Co's hybrid cars, making a full-fledged entry into the vehicle parts market.
Vehicle parts are expected to be one of the fastest-growing markets for electronics manufacturers in a few years due to growing demand for hybrid cars – which combine a battery-powered motor with a gasoline engine – as well as wider use of car navigation and other communication systems.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
