Electric vehicle (EV) venture GLM Co. Ltd., Kyoto, announced on July 10 that it will form a capital alliance with Hong Kong-based investment and holding company O Luxe Holdings Ltd. GLM is planning to begin mass production of its all-new GLM G4 electric car in 2019 and is raising the necessary funds from O Luxe...
investment
Keihin to Increase Production of Electronic Fuel Injection Systems in India
Keihin Corp. (TYO:7251) recently announced that it will be increasing production capacity of the company’s electronic fuel injection (FI) systems for motorcycles in India. This will be achieved through both the construction of new factories and the expansion of existing ones. Keihin’s decision to enhance its supply system follows the implementation of stricter environmental regulations...
NGK Spark Plug to Build New Thai Plant for Automotive Sensors
NGK Spark Plug Co. Ltd. (TYO:5334) has announced that it will build a new plant in Thailand to manufacture automotive sensors. Among these will be zirconia sensors, which detect oxygen concentration in exhaust gas. The new plant will be built on a site adjacent to NGK Spark Plug’s existing plant in Thailand, with investment in...
Toyoda Gosei to Quadruple Production Capacity for Plastic Fuel Filler Pipes
Toyoda Gosei Co. Ltd. (TYO:7282) announced on June 26 that it will increase its production capacity for plastic fuel filler pipes at its two plants in Japan and the U.S. The company will invest approximately 2 billion yen ($17.82 million) to bring in molding machines and assembly machines, seeking to increase the combined capacity of...
Faltec to Launch US Production of Millimeter-Wave Radar Covers
Faltec Co. Ltd. (TYO:7215) announced on June 2 that it will produce millimeter-wave radar covers at the manufacturing facility of U.S. subsidiary Faltec America Inc. from January 2018. The first stage of this will see Faltec install a new production line with an annual production capacity of 500,000 units at Faltec America’s plant in Georgia....
Mitsui Chemicals to Double Investments Under New Business Plan
Mitsui Chemicals Inc. (TYO:4183) President Tsutomu Tannowa announced on May 29 the company’s plans to invest up to 350 billion yen ($3.15 billion) into growth areas and strengthening its production capabilities. To be undertaken as part of Mitsui Chemicals’ three-year medium-term business plan running through March 2020, the planned investment is 2.2 times that spent...
Toyota Completes $154M Extension of US R&D Centers
Toyota Motor Corp. (TYO:7203) announced on May 5 that Toyota North America Inc. has completed extension work its R&D centers in Michigan. With a capital investment of $154 million, the expanded R&D centers have been outfitted with extended engine and transmission development functionality. Additionally, with newly constructed test drive and component resource centers, the facility...
Isuzu and Apple International Join Forces to Expand Used Car Business
Isuzu Motors Ltd. (TYO:7202) recently announced that it has agreed to form a capital alliance with Apple International Co. Ltd. Isuzu will invest approximately 4 billion yen ($35.74 million) to acquire a 9.9-percent stake in the company, which purchases, sells and exports used cars. The deal is slated to be finalized on May 31. Utilizing...
Toyota to Invest Record $1.33 Billion Into Kentucky Plant
Toyota Motor Corp. (TYO:7203) announced on April 10 that it is investing $1.33 billion to renovate Toyota Motor Manufacturing Kentucky Inc. (TMMK). The Georgetown, Kentucky factory is preparing for production of the automaker’s new Camry model from June. U.S. President Donald Trump said in Toyota’s press release that its decision to make the investment is...
