With Honda mired in crisis over quality lapses, Hachigo seizes the wheel
At a two-day gathering for Honda's suppliers in March, Chief Executive Takahiro Hachigo sounded the alarm. At the Hotel Higashinihon in Utsunomiya, Tochigi Prefecture, Hachigo told them the automaker was facing a crisis after a string of costly recalls and other quality blunders and needed ...
YKK opens second Vietnam zipper plant, aiming to lift production capacity by 40%
Major zipper-maker YKK Corp. started operating its second plant in Vietnam this week to boost production. The company plans to increase production capacity by 40 percent in the fiscal year through March 2021, compared with fiscal 2017, a YKK spokeswoman said on Tuesday. YKK Vietnam Co., ...
Trump blasts Fed after manufacturing data stoke fears of sharp slide due to trade war
U.S. President Donald Trump once again lashed out at the Federal Reserve on Tuesday, this time in the wake of weak data on the manufacturing sector, saying the central bank has kept interest rates "too high" and that a strong dollar is hurting U.S. ...
China's factory activity shrinks for fifth month: Purchasing Managers' Index
China's factory activity shrank for the fifth straight month in September, and though the downturn eased off slightly the underlying trend pointed to persistent pressure on the economy as it navigates a bruising trade war with the United States. Persistent weakness in the manufacturing sector ...
Japan's September factory activity shrinks at fastest pace in seven months amid China-U.S. trade war
Manufacturing activity shrank at the fastest pace in seven months in September, underscoring the broadening economic impact of the China-U.S. trade dispute and keeping policymakers under pressure to step up stimulus. The Jibun Bank Flash Japan Manufacturing Purchasing Managers' Index (PMI) slipped to a seasonally ...
A key U.S. factory gauge unexpectedly contracted for the first time since 2016, sending stocks and bond yields lower and boosting expectations for interest-rate cuts as global manufacturing woes deepen. The Institute for Supply Management's purchasing managers index fell to 49.1 in August, weaker than ...
Toyota group firms test out labor-saving prototype products at Gifu shopping mall
Major component-makers of the Toyota group have launched an experiment of letting consumers and shop staff try their products under development at a shopping mall in the city of Gifu. Osaka-based Jtekt Corp. and Aisin Seiki Co., based in Kariya, Aichi Prefecture, introduced products designed ...
Honda Motor Co. said Wednesday it will stop making cars in Argentina next year as part of efforts to streamline its production allocation worldwide. The automaker produced about 10,000 units of its HR-V sport utility vehicle and around 100,000 motorcycles at its plant in Campana, ...
Apple supplier Japan Display secures bailout after funding shortfall
Japan Display Inc. said Friday that it has secured its ¥80 billion ($740 million) bailout package with an extra capital injection from a Chinese fund. China's Harvest Tech Investment Management Co. notified Japan Display of the decision to raise its investment from $300 million to ...
No exit in sight from worst Japan-South Korea dispute in decades
Japan and South Korea say they're willing to meet over Tokyo's move to tighten regulations on vital tech exports to its neighbor, but neither has much political incentive to climb down from one of their worst economic disputes in decades. Decades of mistrust make it ...
Toyota to build new SUV rather than Corolla at Alabama plant
Toyota Motor Corp. said Wednesday it will build a new sport utility vehicle at a $1.6 billion joint venture assembly plant in Alabama rather than produce Corolla cars. Japan's top automaker announced in January 2018 it would build the factory in Alabama with Mazda Motor ...
Nintendo Co. is considering partially relocating the production of its Nintendo Switch video game console in China to Vietnam this summer, officials said Tuesday. The game maker apparently aims to diversify business risks amid lingering concerns that the United States may expand its tariffs on ...
