Panasonic Jaguar Racing Head To Berlin for a Lockdown Showdown

Berlin Tempelhof

* After more than 150 days, Panasonic Jaguar Racing head to Berlin Tempelhof, Germany for the final six races of season six of ABB FIA Formula E

* The pacesetting Jaguar I-TYPE 4 will line up for six races in an incredible nine days on three different track layouts for the most intense finale in motorsport history

* Mitch Evans sits second in the ABB FIA Formula E drivers’ championship

* Panasonic Jaguar Racing are third in the ABB FIA Formula E teams’ championship

* Tom Blomqvist announced as the reserve driver for Panasonic Jaguar Racing

* Lights go green for the Berlin E-Prix at 19:00 local time (CET) on 5 August

After 158 days, Panasonic Jaguar Racing will head to Germany to complete season six of Formula E in a unique lockdown showdown. Berlin’s Tempelhof circuit will witness six races in nine days with three different track layouts.

Sitting second in the drivers’ championship, Mitch Evans, and teammate James Calado will look to push for more points, podiums and wins during the ABB FIA Formula E Berlin E-Prix with the pacesetting Jaguar I -TYPE 4.

Tom Blomqvist is confirmed as the reserve driver for the remaining six races of the season, replacing Alex Lynn who will drive for Mahindra. The British-Swedish driver previously drove for the Andretti Formula E team in 2018.

James Barclay, Panasonic Jaguar Racing Team Director:

“We’re going into the final six races in Berlin in a great position. Whilst it’s going to be an  intense challenge for all of the team to complete six races in nine days we are looking forward to it and feeling positive that we are ready to give it our all to fight for the drivers title with Mitch and achieve our best result to date in the team standings. At Panasonic Jaguar Racing our season six objective was to compete for more points, podiums and wins and so far, we’ve done just that. It’s been a long break in the season, but we are hungry to pick up where we left off and finish the season successfully. The whole team has been working incredibly hard during lockdown to ensure that we maintain our positive momentum. We never underestimate the quality of our competition in Formula E though and the challenge that the team and the drivers will face in Berlin but we are fully prepared and ready to give it our all. It’s ultimately within reach so we will be doing our all to achieve our goals together.”

Mitch Evans, Panasonic Jaguar Racing Driver #20:

“This season we’ve tasted success and I am really proud of my performance, particularly in the last three races. We achieved Super Pole and a Podium in Santiago, we won in Mexico City and we made history in Marrakesh by gaining 18 places and finishing P6 after starting from the back of the grid. Being second in the drivers’ championship puts me in a good position heading into Berlin but I know I can’t underestimate the challenge that we have ahead. Our Jaguar I-TYPE 4 is incredibly quick so I’m hoping to show the everyone that we can be in the fight by 13 August.”

James Calado, Panasonic Jaguar Racing Driver #51:

“I’m looking forward to getting back into the Jaguar I-TYPE 4 at the Tempelhof circuit. I started in P10 in Marrakesh and felt like I had made some solid progress. I want to give my best performance in Berlin. My role is to support Mitch and the team and secure as many points as possible. I’m sure it will come with its challenges and this break has definitely added the pressure but I’m ready for the lights to go green and finish the season on a high.”

In less than one week, the ABB FIA Formula E Berlin E-Prix will commence, with the first race of six taking place on Wednesday 5 August at 19:00 (CET) ahead of the most intense finale in motorsport history.

Japanese cos NEC, Hitachi, Casio to merge for mobile operations

Japan's NEC Corp, Hitachi Ltd and Casio Computer Co are in talks to merge their struggling mobile phone manufacturing operations to create Japan's No 2 handset maker, the Yomiuri daily reported on Friday.

Loss-making NEC could hive off its mobile operations and merge it with an existing joint venture between Hitachi and Casio to together develop handsets, or the three could merge their mobile phone production operations, the newspaper said without citing sources.

NEC would be likely to hold a majority of the new firm, it said. The three are struggling in Japan's saturated cellphone market and mounting development costs, said to be about 10 billion yen ($107 million) per handset. In the year ended in March, Sharp Corp controlled over one-fifth of Japan's handset market, followed by Panasonic Corp.

Agencies

Tech giants NEC, Hitachi announce 27,000 job cuts

High-tech giants NEC and Hitachi said on Friday they were cutting up to 27,000 jobs as Japan Inc. buckles under the strain of the global economic crisis.

NEC Corp. said it was slashing 20,000 jobs worldwide by March 2010 - half of them regular workers - as it sinks deeper into the red. About 40 percent will be in Japan and the rest overseas, NEC president Kaoru Yano told a press conference.

Hitachi Ltd. said it would shed up to 7,000 jobs as it forecast a net loss of 700 billion yen ($7.8 billion) in the current financial year to March. It will try to move full-time workers around within the company to minimise job losses, company president Kazuo Furukawa said.

"We will take various measures but may not be able to avoid cutting some regular workers," he said.

NEC announced the job losses after saying it expects a net loss of 290 billion yen ($3.2 billion) in the year to March as recessions in major economies from Japan to Europe and the United States hammer demand.

"It is regrettable that we have to announce such a big downgrade," Yano said. "We must cut waste."

Computer maker Fujitsu Ltd. said its net losses ballooned to 36.1 billion yen ($403 million) in the nine months to December, and forecast it would end the year to March in the red.

"I have absolutely no confidence in the fiscal year 2009," Fujitsu chief financial officer Kazuhiko Kato told reporters. "I have no clue what the outlook will be."

Japan is in the midst of its first recession in seven years as the global slowdown saps demand overseas for cars, computers, cameras and other key exports.

A slew of gloomy economic data released on Friday suggested the recession is deepening, with factory output falling a record 9.6 percent in December.

Japanese companies have also been hit hard by a strong yen, which recently soared to a 13-year high against the
Layoffs dollar.

There was more bad news from the car industry as Honda Motor Co. reported that its net profit dived 89 percent to 20.24 billion yen in the fiscal third quarter as car sales slumped.

All Nippon Airways meanwhile said it expects an annual net loss of nine billion yen -- its first in six years -- as travel to North America and Europe declines due to the global economic crisis.

There was also fresh misery in the banking sector as Mizuho Financial Group posted a net loss of 50.55 billion yen in the nine months to December due to the global financial crisis.

Mizuho has been badly hit by financial market turmoil and losses on toxic mortgage-backed securities. A year earlier it had made a net profit of 393.03 billion yen.

The group downgraded its outlook but still hopes to end the current financial year to March in the black. It expects a net profit of 100 billion yen, down from an earlier projection of 250 billion yen.

"The dislocation of the global financial markets stemming from US subprime issues has worsened with the failure of Lehman Brothers in September 2008 and has caused an economic downturn on a global scale," it said in a statement.

"As a result, the economic situation in and outside of Japan has been deteriorating rapidly."

Agencies