Business Topics

Nov 20, 2014

Citizen Watch opens flagship store in New York

New York JIJI Citizen Watch Co. opened a flagship store in Times Square in New York on Wednesday. The store is the center of the company’s efforts to boost its brand recognition globally, Ryota Aoyagi, executive vice president of the Citizen Holdings Co. unit, ...

Takata set for showdown with U.S. regulators

Nov 20, 2014

Takata set for showdown with U.S. regulators

A showdown is looming between U.S. safety regulators and Tokyo-based Takata Corp. over its air bags linked to multiple deaths and injuries, with carmakers and the driving public caught in the middle. The air bag inflators can explode with too much force, sending metal ...

U.S. safety agency calls for nationwide recall of Takata air bags

Nov 19, 2014

U.S. safety agency calls for nationwide recall of Takata air bags

U.S. safety regulators are demanding that automakers and Takata Corp. expand nationwide a recall of vehicles with certain driver’s side air bags equipped with inflators that can erupt and send metal fragments into the passenger compartment. Previously, cars with the inflators have been recalled ...

Toyota's Mirai FCV to go on sale Dec. 15

Nov 18, 2014

Toyota's Mirai FCV to go on sale Dec. 15

by Kazuaki Nagata

Toyota Motor Corp. announced Tuesday it will start selling the world’s first commercial fuel-cell vehicle in Japan on Dec. 15. The new fuel-cell sedan, named the Mirai, which means future in Japanese, will run ¥7.23 million including consumption tax, but that price will be ...

Lawsuit links Takata air bag death to delay in Honda alert

Nov 18, 2014

Lawsuit links Takata air bag death to delay in Honda alert

Honda Motor Co.’s U.S. unit advised dealers not to contact customers about a potentially fatal defect because of a parts shortage, one week before shrapnel from an exploding air bag left a woman looking as if she had been killed with a knife, lawyers ...

Nov 18, 2014

Engineer mobility at Samsung is a lesson for troubled Sony

Samsung Electronics Co. is giving Sony Corp. a lesson in quick decision-making by moving engineers from its smartphone unit less than a month after posting a profit slump in the business. Samsung is transferring about 500 workers from mobile phones and allocating them largely ...

Nov 17, 2014

GS Yuasa triples capacity of lithium-ion battery

GS Yuasa Corp. said Monday it has developed a next-generation lithium-ion battery with three times the capacity of existing products. The battery uses sulfur as a key material for the positive electrode. The Kyoto-based company now aims to improve the durability of the silicon-based ...

Nov 17, 2014

Jalux, Mitsubishi to run airport in Myanmar

A joint venture mostly owned by Japanese trading houses Jalux Inc. and Mitsubishi Corp. has signed an agreement to operate Mandalay International Airport in Myanmar, the transport ministry said Monday. The joint venture, MC-Jalux Airport Services Co., owned 45.5 percent each by Jalux and ...