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Hitachi delivering 45-mile-per-hour elevator to Chinese high-rise

Japan’s Hitachi said Monday it will provide the world’s fastest elevators, which can clock speeds of up to 72 kilometers (45 miles) per hour, to a high-rise building in China. The lifts will be delivered to the 111-story, 530-metre (1,740-foot)-tall Guangzhou CTF Financial Centre due to be opened in the…

Hitachi to stop making televisions

Japanese high-tech giant Hitachi said it will stop making televisionsby the end of September as intense price competition hurts TV earnings at many electronics manufacturers worldwide. Hitachi will “terminate television production by the end of September” in Japan, said Sayori Nishino, a company spokeswoman, having already outsourced overseas TV manufacturing to foreign firms in 2009. But it will still…