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TOKYO -- Toyota will reportedly sign a deal under which Hon Hai Precision Industry, also known as Foxconn, will build electronics for the Japanese automaker. No further details are available.

The roots of the agreement come from a strategic decision by Hon Hai chief executive and founder Terry Guo to hire several former Toyota executives, according to the United Daily News.
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COSTA MESA, CA -- Probe Manufacturing today announced revenues of $2.72 million, for the three month period ended June 30, the electronics manufacturing services firm's highest since 2002.

For the second quarter, net earnings were $617,446 and EBITDA was $410,073. The gross profit was also the company's highest since 2002.

"Our second quarter results are a continuation of our improved performance which started in the fourth quarter of 2005, resulting in our third consecutive quarter of growth and profitability," the company said in a statement.

Probe Manufacturing was founded in 1995.
TAIPEI -- Motorola is expected to award the production of its Motofone cellphone to Foxconn, according to various media reports.

Motorola plans to launch the model late this year.
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