Four Japan firms fined in South Korea for auto parts bid-rigging

Business Aug 5, 2019

Four Japan firms fined in South Korea for auto parts bid-rigging

South Korea's fair trade commission has ordered four Japanese companies to pay fines totaling 9.2 billion won (¥803 million) for rigging bids on auto parts supplied to South Korean automakers. According to media reports Sunday, the four are Mitsubishi Electric Corp., Hitachi Automotive Systems Ltd., ...

Hitachi and Bombardier to supply high-speed trains to Italy

Business / Corporate Jun 6, 2019

Hitachi and Bombardier to supply high-speed trains to Italy

Hitachi said Wednesday that it has signed a contract with Bombardier Transportation to jointly manufacture 14 high-speed trains for an Italian railway operator. Under the €575 million (¥69.9 billion) deal concluded with operator Trenitalia SpA, the major Japanese machinery-maker and Bombardier Transportation, an affiliate of ...

Business / Corporate Apr 25, 2019

Hitachi considers selling Hitachi Chemical

Hitachi Ltd. is considering selling core subsidiary Hitachi Chemical Co., it was learned Thursday. According to sources with knowledge of the matter, Hitachi is in contact with several businesses and investment funds to select a buyer of the unit. The company is set to accelerate the ...