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NINETY EIGHT REGENCY

Ford hybrids to get U.S.-built drive motors from Toshiba

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Ford hybrids to get U.S.-built drive motors from Toshiba

June 23, 2010 - 10:00 am ET

DETROIT (Reuters) -- Japanese electronics conglomerate Toshiba Corp. said on Tuesday it will supply drive motors for Ford Motor Co. hybrid vehicles, aiming to cash in on surging demand for green cars.

Toshiba, which also produces lithium-ion batteries for electric vehicles, said it would start making the automotive propulsion units in the United States to meet growing demand.

It will be the first time the company has manufactured the parts outside Japan.

By expanding globally, Toshiba hopes to grab a slice of growing demand for hybrid, plug-in hybrid and electric vehicles. Toshiba said it expects the drive motor market to jump 20-fold to 1 trillion yen ($11 billion) by the 2020 financial year.

It plans to invest about 4 billion yen ($44 million) to set up a new production line at an existing facility in Houston and start production in 2012 with a monthly capacity of 100,000 units, a company spokesman said.

Read more: http://www.autonews.com/apps/pbcs.dll/article?AID=/20100623/OEM05/100629949/1186#ixzz0riUyHlTi

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