Tag - car-parts

 
 

CAR PARTS

Toyota Customizing & Development, a Toyota subsidiary, broke the subcontract payment law, the Fair Trade Commission said.
BUSINESS / Companies
Jul 5, 2024
Toyota unit violated subcontractor protection law: regulator
Yokohama-based Toyota Customizing & Development broke the law by having dozens of suppliers store metal die casts and other items without paying any storage fees.
Toyota Customizing & Development, founded in April 2018 and 90.5% owned by Toyota, develops vehicles on behalf of the parent firm.
BUSINESS / Companies
Jun 30, 2024
Toyota unit violates subcontract law
The Fair Trade Commission will shortly recommend that TCD take steps to prevent a recurrence of similar misconduct, sources said.
Toyota has been looking to cash in on stakes in affiliates as it steps up development and production of battery-powered vehicles.
BUSINESS
Jun 27, 2024
Toyota and affiliates to offload some $1 billion in Aisin shares
Toyota Motor and two affiliates will divest at least 12.5% of supplier Aisin
Nissan CEO Makoto Uchida said that the automaker will continue to communicate with its suppliers to see whether unfair practices persist and set up a new team directly under him to accelerate reforms on its relations with its subcontractors.
BUSINESS / Companies
Jun 1, 2024
Nissan challenges TV Tokyo report on subcontractors
The automaker denied allegations that it continued to pressure its suppliers into slashing prices even after receiving a warning from the fair trade regulator.
Masanori Katayama, chairman of the Japan Automobile Manufacturers Association, said the association will work with the Japan Auto Parts Industries Association to address the problem of subcontractor bullying.
BUSINESS / Companies
May 24, 2024
Japan’s automakers vow to stop squeezing their suppliers
Member companies of the Japan Automobile Manufacturers Association have agreed to treat subcontractors more fairly when the latter pass on cost increases.
The Fair Trade Commission will demand Nissan take measures to prevent a recurrence of unfair reductions in payments to subcontracting auto parts makers.
BUSINESS / Companies
Mar 4, 2024
Japan FTC to warn Nissan over payments to parts suppliers
The reductions are estimated to total about ¥3 billion for more than 30 suppliers over the past several years.
BUSINESS / Companies
Dec 8, 2023
Honda to recall 1.13 million vehicles over defective fuel pumps
The fuel pumps were made by auto parts maker Denso, informed sources said.
As a customer for Renault's combustion-engine venture, Nissan will receive gearboxes and engines for 12 of its plants.
BUSINESS / Companies
Dec 6, 2023
Nissan to buy engines and gearboxes from Renault-Geely venture
The step is part of a major revamp of the firms working together following years of growing tensions.
Toyota Motor, Toyota Industries and Aisin are planning to sell Denso shares worth a total of about ¥700 billion, sources said, which would be the second-biggest such share offering in Japan this year.
BUSINESS / Companies
Nov 29, 2023
Toyota plans $4.7 billion sale of Denso stake as EV pivot looms
The sale of shares in Denso would mark the latest step by the automaker to cash in on stakes in affiliates as it ramps up production of electric vehicles.
Toyota has suspended operations at six domestic plants following a blast at a factory run by one of its component suppliers.
BUSINESS / Companies
Oct 17, 2023
Toyota halts six auto plants after explosion at parts supplier
The explosion occurred Monday at Chuo Spring’s factory in Aichi Prefecture, where vehicle suspension coils are made.
BUSINESS
Aug 21, 2023
Japan paper industry to develop new wood fiber material
With demand for paper in the doldrums, the industry is looking to expand the use of wood, a renewable resource, beyond paper products.
Japan Times
BUSINESS / Companies
Jul 11, 2023
Honda accelerating shift to electric vehicles
The company is moving to form alliances with other firms and reorganize its parts procurement network.
BUSINESS
May 19, 2023
Auto supplier Hitachi Astemo flags lapses in quality tests over decades
The misconduct affected 22 products for 69 customers, including rear shock absorbers and brake systems for cars, railcar dampers and connecting rods, the company said.
Japan Times
BUSINESS / Tech
Jan 8, 2023
Auto industry races into metaverse at CES
Headsets, augmented reality and ‘virtual’ car lots all on display in Las Vegas at one of the world’s largest technology expos
Japan Times
BUSINESS / Companies
Oct 28, 2022
One key, not two, for Toyota customers as chip shortage bites
Toyota, the world’s biggest carmaker, will temporarily give new car buyers in Japan just one smart key instead of two as it seeks to ration semiconductors.
Japan Times
BUSINESS / Companies / Regional Voices: Tohoku
Jul 25, 2022
After 10 years, ‘Toyota-ism’ takes root in Tohoku as force for reconstruction
Toyota Motor President Akio Toyoda has said, “There will be no recovery of Japan without the recovery of the Tohoku region.”
BUSINESS / Companies
Jun 26, 2022
Japanese auto supplier Marelli files for court-led rehabilitation
Marelli had tried to turn itself around under an out-of-court settlement procedure called alternative dispute resolution, but the attempt ended in failure.
Japan Times
BUSINESS / Companies
Jun 10, 2022
Top Toyota supplier Denso weighs ¥420 billion chip unit spinoff
Well known as the world’s second-biggest auto-parts-maker, Denso has also quietly built up a presence in automotive chips.
Japan Times
BUSINESS
May 30, 2022
How the humble wire harness could help kill off combustion cars
These low-tech and low-margin parts may not command the kudos of microchips and motors, yet cars can’t be built without them.
Japan Times
BUSINESS / Companies
Mar 2, 2022
KKR-owned Marelli to file for debt reorganization in Japan
Marelli, a key supplier for automakers Nissan Motor Co. and Stellantis NV, had at least u00a51.1 trillion ($9.5 billion) in total debt as of September, sources said.

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