Resistance is futile
25 March 2017 23:39 (South Africa)

Hitachi needs $4.6 billion in cash

In 2010 Hitachi will celebrate its centenary and its executives don’t feel like celebrating. For the first time in 27 years, Hitachi needs cash to ensure its debt doesn’t affect its viability, all $4.6 billion of it. The $100 billion-a-year company was hit badly by the recession and it expects to lose more than $2 billion this year. It is now forced to follow the path already taken by its competitors NEC and Toshiba. It may not be easy for them to raise all that cash as investors are generally cool on the old giant’s future. Read more: BBC News

Get overnight news and latest Daily Maverick articles

Do Not Miss

Daily Maverick has suspended comments on the site. Until the interwebs figures out a better way to deal with the naughty kids in the class, the space for your comments is on our Facebook page and the Twitterverse.

Alternatively, you are welcome to send a letter to the editor.