Commentary / Japan | SENTAKU MAGAZINE Jul 20, 2018
Japanese automakers have fallen behind Germany in the development of autonomous driving technologies.
Business / Corporate Mar 22, 2017
Aichi firm eyes the fast lane as Asia's top race car seat maker
by Michio Watanabe
Though it only has 13 employees, an auto parts manufacturer in central Japan boasts a 50 percent share of the market for auto racing seats in Asia, and is regarded as one of the five biggest global brands. "We are pursuing products that can make ...
Business / Corporate Dec 5, 2016
Panasonic said targeting headlight maker ZKW in auto parts expansion
Panasonic Corp. is in discussions to buy Austrian headlight manufacturer ZKW Group GmbH, a person familiar with the matter said, becoming the latest major electronics manufacturer to branch out into auto parts. The deal amount hasn't been decided and it's not clear whether and when ...
Business Jan 28, 2016
EU fines Mitsubishi, Hitachi units €138 million over auto parts cartel
The European Union fined Mitsubishi Electric Corp. and Hitachi Ltd. on Wednesday a total of around €137.8 million (¥18.05 billion)after finding that the two Japanese firms had participated in a cartel over the sale of auto parts. Denso Corp. was also part of the action ...
Business / Corporate Sep 17, 2015
Auto parts-maker Kayaba agrees to $62 million fine for fixing shock absorber prices
Automotive and hydraulic equipment maker Kayaba Industry Co. has agreed to pay a $62 million fine for its role in a price fixing scheme for shock absorbers for cars and motorcycles sold in the United States, the Justice Department said Wednesday. The Tokyo-based company, better ...
Business / Corporate Sep 25, 2014
Panasonic to take 50% stake in Spanish auto parts maker Ficosa
Panasonic Corp. plans to take a roughly 50 percent stake in auto parts maker Ficosa International S.A. of Spain to bolster its development of advanced vehicle safety systems, a source with knowledge of the deal said Thursday. The electronics maker will likely spend tens of ...
National Sep 1, 2014
Property and casualty insurance companies plan to let crime syndicate members buy auto insurance so that victims can be compensated in the event a gangster causes an accident, industry sources said. The move comes as the financial sector is otherwise shunning dealings with organized crime ...
Business / Corporate Aug 21, 2014
Denso Corp., the nation's largest manufacturer of electronic auto parts, said Thursday it had been fined $2.45 million Canadian dollars (¥200 million) by a court in Canada for breaking the competition law by rigging bids on transactions in several kinds of auto parts. The payment ...
Business / Corporate Aug 21, 2014
Toyota to cut prices of Lexus parts in China after antitrust probe
Toyota Motor Corp. said it will cut prices of spare parts in China for its Lexus vehicles next month following an antitrust probe China has opened into the auto industry. Toyota will reduce prices of about 15,000 Lexus parts by an average of 26 percent ...
Business / Corporate Dec 3, 2013
Panasonic Corp. is in talks with automotive parts makers for possible acquisitions or alliances as Japan's No. 2 TV maker seeks to expand the components it delivers to vehicle manufacturers. The supplier of lithium-ion batteries for Toyota Motor Corp. and Tesla Motors Inc. is interested ...