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., ...

Business / Corporate Mar 27, 2018

Mitsubishi Electric to boost factory automation system production

Mitsubishi Electric Corp. said Tuesday it is planning to invest more than ¥30 billion to increase output of its factory automation system products to meet increasing demand. The electrical machinery-maker is considering building a new plant near its existing facility in Owariasashi, Aichi Prefecture, and ...

Japanese firms said behind schedule in joining F-35A production

Business Sep 14, 2017

Japanese firms said behind schedule in joining F-35A production

Japanese production of the F-35A stealth fighter remains stuck on the tarmac, a recent survey by Japan's Board of Audit shows. The Air Self-Defense Force plans to adopt the cutting-edge fighter jet, but nothing is happening due to several delays in the process, leading the ...

Business / Corporate Mar 29, 2015

Software update puts Mitsubishi TVs on the blink

Mitsubishi Electric Corp. said Sunday that a bad software update might have caused up to 1.62 million of its liquid crystal display TVs across Japan to repeatedly turn on and off every few minutes. The problem, which began at midnight Saturday and involved 118 models ...