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.
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.
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.
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.
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.