Hitachi's 'vote of confidence' in North East

Hitachi has moved its global rail headquarters to London, after securing a £1bn contract to build trains in the North East.

The Business Secretary Vince Cable said today it was a 'vote of confidence' in the UK and the North East.

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Hitachi moves HQ from Japan to UK

Hitachi has decided to move its global rail headquarters from Tokyo to London, after the firm won a £1.2 billion contract to build trains in Newton Aycliffe in County Durham.