Mitsuru Yonekawa News
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Denso Corp. and Yazaki Corp., two Japanese suppliers of auto parts, agreed to plead guilty and pay a total of $548 million in criminal fines for their role in a price-fixing and bid-rigging conspiracy.
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Nissan Motor Co. , Japan’s second- largest automaker, said it closed its factory in Egypt until Feb. 3 following anti-government demonstrations in the North African nation.
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Companies including Sony Corp. and Toyota Motor Corp. halted output at plants after an 8.9- magnitude earthquake struck off the coast of Japan, damaging production facilities and causing power outages.
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New minimum wage laws, a looser yuan and worker strikes like those affecting Honda Motor Co. and Toyota Motor Corp. are raising costs at plants in China’s Pearl River Delta, leading to increased automation of assembly lines.
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Toyota Motor Corp. and Nissan Motor Co. may forecast first-half losses and continuing sales declines as the two biggest Japanese automakers struggle to restore full production disrupted by a record earthquake.
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Nissan Motor Co. plans to introduce a new passenger-car brand in Chinese market with its local partner to help meet demand for cheaper models.
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Nissan Motor Co. , Japan’s third- largest automaker, plans to begin production at a new plant in China next month to keep pace with rising demand.
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Japanese industrial production probably grew at the slowest pace in more than a year last quarter, adding pressure on the government to extend consumer incentives as export growth cools.
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Nissan Motor Co. hired banks to arrange a series of meetings with bond investors in Hong Kong and Singapore, according to a person familiar with the matter.
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The Renault SA -Nissan Motor Co. alliance plans to increase production in South Korea to cut its reliance on Japan as a manufacturing base as the yen strengthens, Chief Executive Officer Carlos Ghosn said.
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