Turbo power systems Hitachi trains

Japanese giant Hitachi is to move the headquarters of its lucrative rail business to Britain in what is seen as a pre-emptive bid to build the 180mph trains for the Government’s controversial £50billion HS2 line.

Its corporate headquarters will switch from Tokyo to London – with a British executive rather than a Japanese national as global boss – in what minsters hailed today as ‘an incredible vote of confidence’ in the UK. Hitachi Rail was previously at the centre of a furious ‘British jobs for British workers’ row when it clinched a major rail contract for intercity trains ahead of UK-based but Canadian-owned rival Bombardier in Derby.