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 ...