Honda, Hitachi auto parts subsidiary to form EV motor JV

Visitors look at a Honda Motor Co's car displayed outside the company showroom in Tokyo April 26, 2013. (JAPAN - Tags: TRANSPORT BUSINESS LOGO)

Honda Motor Co Ltd and Hitachi Ltd’s auto parts subsidiary plan to form a joint venture to develop, produce and sell motors for electric vehicles (EV), joining forces to better compete in the highly specialised “green” car segment.

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