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Thursday, April 12, 2012

Sony CEO says will explore tie-ups in EV batteries

Sony Corp will explore alliances in batteries for electric vehicles and aims to be a leading player in the global mobile phone market, its new chief executive said on Thursday.

CEO Kazuo Hirai, who took the helm at the iconic consumer electronics maker this month, also told a news conference that Sony would target group-wide sales of 8.5 trillion yen ($105 billion) in the 2014/15 business year with an operating margin of over 5 percent.

Sony estimates that the headcount across the entire Sony Group will be reduced by approximately 10,000 in FY12 due to a new plan to restructure that will cost 75 billion yen.

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