Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Thursday, 26 April 2018, 10:24 HKT/SGT
Share:
    

Source: Hitachi, Ltd.
Penske Corporation and Hitachi Begin Collaborative Creation to Improve Vehicle Performance Using IoT

TOKYO, Apr 26, 2018 - (JCN Newswire) - Hitachi, Ltd. (TSE: 6501) today announced it has started a collaborative creation process with Penske Corporation for Penske's next-generation data solution. The goal of the collaboration is to improve vehicle performance while leveraging Hitachi's digital and IoT technologies.

With the continuing trend toward digitalization impacting every industry, IoT and digital technologies are being increasingly adopted in the automotive field aimed at improved safety, labor optimization, fuel efficiency, and vehicle operations. Penske and Hitachi have a long history of innovation. This joint effort marks the next wave of their collaboration and shows Penske's commitment to embracing digitalization to continually improve vehicle performance for its customers.

Hitachi and Penske began their partnership in 2012 with Hitachi and Hitachi Automotive Systems sponsorship of Team Penske in the American IndyCar Series. Since then, the two companies have built on this relationship across a wide variety of business domains to accelerate Penske's digital transformation. Since 2017, the companies have been working to utilize Penske's vehicle data to improve vehicle performance. This announcement signifies the first of many efforts to utilize artificial intelligence, machine learning, and Hitachi's IoT platform Lumada.

"We are very happy to enter into this expanded partnership with Penske Corporation," said Toshiaki Higashihara, President & CEO, Hitachi, Ltd. "This announcement signifies Hitachi's commitment to Social Innovation Business with specific focus on the transportation industry." He continues, "Our opportunity to collaborate with Penske, leveraging their extensive knowledge in transportation and logistics, and data coupled with Hitachi's operational technology and information technology expertise, is aimed at creating dramatic innovations in the fleet management field."

"We are very pleased with the progress and continued strong collaboration with our valued partners at Hitachi," said Roger Penske, Founder and Chairman, Penske Corporation. "Hitachi's solutions have shown great promise as we strive to better leverage our vehicle data in new and innovative ways that helps meet the needs of customers across our businesses now and into the future. This is a natural progression from the technical work we've accomplished together in the motorsports realm, which has helped our INDYCAR program earn 38 wins and three championships since 2012."

About Penske Corporation

Penske Corporation is a closely-held, diversified, on-highway, transportation services company whose subsidiaries operate in a variety of industry segments, including retail automotive, truck leasing, transportation logistics and professional motorsports. Penske Corporation manages businesses with revenues in excess of $26 billion, operating in more than 3,300 locations and employing over 50,000 people worldwide.


About Hitachi, Ltd.

Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, delivers innovations that answer society's challenges, combining its operational technology, information technology, and products/systems. The company's consolidated revenues for fiscal 2017 (ended March 31, 2018) totaled 9,368.6 billion yen ($88.4 billion). The Hitachi Group is an innovation partner for the IoT era, and it has approximately 307,000 employees worldwide. Through collaborative creation with customers, Hitachi is deploying Social Innovation Business using digital technologies in a broad range of sectors, including Power/Energy, Industry/Distribution/Water, Urban Development, and Finance/Social Infrastructure/Healthcare. For more information on Hitachi, please visit the company's website at http://www.hitachi.com.

Contact:
Hitachi Ltd
Corporate Communications
Tel: +81-3-3258-1111


Apr 26, 2018 10:24 HKT/SGT
Source: Hitachi, Ltd.

Hitachi, Ltd. (TSE: 6501)

Topic: Press release summary
Sectors: Enterprise IT, Automotive
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2018 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.


Hitachi, Ltd. Links

http://www.hitachi.com

https://www.facebook.com/hitachi.global/

https://twitter.com/hitachiglobal?lang=en

https://www.youtube.com/user/HitachiBrandChannel

https://ph.linkedin.com/company/hitachi

Hitachi, Ltd.
July 27, 2018 17:11 HKT/SGT
Hitachi Announces Consolidated Financial Results for the First Quarter Ended June 30, 2018
July 27, 2018 09:44 HKT/SGT
Hitachi Automotive Systems' ADAS ECU Used in Mitsubishi Motors' eK Series
July 25, 2018 09:21 HKT/SGT
Hitachi Vantara to Acquire REAN Cloud
July 18, 2018 12:51 HKT/SGT
Hitachi Rail Italy Signed a Contract Worth 87 Million Euros for further 12 Leonardo Trains for Milan Metro
June 21, 2018 08:33 HKT/SGT
Integrating MathWorks MATLAB and Microsoft Dynamics 365 Using Hitachi's Lumada IoT Platform
June 12, 2018 18:21 HKT/SGT
Hitachi Awarded Authorised Engineering Organisation Status by Transport for NSW, in Sydney Australia
June 7, 2018 11:16 HKT/SGT
KDDI, Hitachi Collaborate on Global IoT Business
June 4, 2018 11:38 HKT/SGT
Hitachi Begins Joint Demonstrative Testing of Service Platform Utilizing AI to Automatically Propose Optimal Repairs for Industrial Machinery with US Subsidiary Sullair
May 31, 2018 09:04 HKT/SGT
Strengthen Marubeni's Competitive Edge in the Domestic Power Retailing Business by Utilizing Digital Technology
May 28, 2018 10:01 HKT/SGT
Multiple AI Coordination Control that Realizes Efficient Warehouse Picking by Integrating Control of Robotic Arms with AGV
More news >>
 News Alerts
Copyright © 2018 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 10 8405 3688 | Hong Kong: +852 2217 2912 | Singapore: +65 6304 8926 | Tokyo: +81 3 6721 7212

Connect With us: