Home
What's new
Latest activity
Authors
Store
Latest reviews
Search products
Forums
New posts
Search forums
What's new
New posts
New listings
New products
New profile posts
Latest activity
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
Cart
Cart
Loading…
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Search titles only
By:
Menu
Log in
Register
Navigation
Install the app
Install
More options
Change style
Contact us
Close Menu
Forums
SVTPerformance's Chain of Restaurants
Road Side Pub
Interesting Car/Truck Manufacturer News
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="Weather Man" data-source="post: 16814811" data-attributes="member: 137766"><p><h3><a href="https://seekingalpha.com/news/3879226-mitsubishi-electric-robert-bosch-to-dissolve-nippon-injector?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain" target="_blank">Mitsubishi Electric, Robert Bosch to dissolve Nippon Injector</a></h3><p><a href="https://seekingalpha.com/symbol/MIELY?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain" target="_blank">MIELY +1.10%</a>Sep. 01, 2022 5:02 AM ET</p><p></p><p>Mitsubishi Electric (<a href="https://seekingalpha.com/symbol/MIELY" target="_blank">OTCPK:MIELY</a>) (<a href="https://seekingalpha.com/symbol/MIELF" target="_blank">OTCPK:MIELF</a>) and Robert Bosch <a href="https://seekingalpha.com/pr/18923781-mitsubishi-electric-corporation-and-robert-bosch-gmbh-agreed-to-dissolve-nippon-injector" target="_blank">agreed</a> to terminate operations of their joint venture Nippon Injector Corporation by the end of 2025 and then dissolve the company and complete the liquidation.</p><p>Nippon Injector, which was set up in 1986, has been supplying more than 300M gasoline fuel injectors for OE customers in Japan and abroad, the company said in a Sept. 1 press release.</p><p>Mitsubishi said that due to the impact of technological shift towards electrification in the automotive industry, it is estimated that the demand for fuel injectors for combustion engines will decline in the future. Thus to cope with this market development and to optimize manufacturing, it is intended to transfer production of gasoline fuel injectors step-by-step to Bosch's manufacturing site in Hemaraj, Thailand (Robert Bosch Automotive Technologies) beginning 2023, subject to antitrust approvals where needed.</p><p>Mitsubishi added that it plans to receive supplies from Bosch's Hemaraj factory which is expected to be the main factory in Asia for port fuel injectors for gasoline engines in the future.</p><p>Nippon Injector will start discussions with its labor union on measures, under coordination with Mitsubishi and Bosch to help associates for further employment, the company noted.</p></blockquote><p></p>
[QUOTE="Weather Man, post: 16814811, member: 137766"] [HEADING=2][URL='https://seekingalpha.com/news/3879226-mitsubishi-electric-robert-bosch-to-dissolve-nippon-injector?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain']Mitsubishi Electric, Robert Bosch to dissolve Nippon Injector[/URL][/HEADING] [URL='https://seekingalpha.com/symbol/MIELY?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain']MIELY +1.10%[/URL]Sep. 01, 2022 5:02 AM ET Mitsubishi Electric ([URL='https://seekingalpha.com/symbol/MIELY']OTCPK:MIELY[/URL]) ([URL='https://seekingalpha.com/symbol/MIELF']OTCPK:MIELF[/URL]) and Robert Bosch [URL='https://seekingalpha.com/pr/18923781-mitsubishi-electric-corporation-and-robert-bosch-gmbh-agreed-to-dissolve-nippon-injector']agreed[/URL] to terminate operations of their joint venture Nippon Injector Corporation by the end of 2025 and then dissolve the company and complete the liquidation. Nippon Injector, which was set up in 1986, has been supplying more than 300M gasoline fuel injectors for OE customers in Japan and abroad, the company said in a Sept. 1 press release. Mitsubishi said that due to the impact of technological shift towards electrification in the automotive industry, it is estimated that the demand for fuel injectors for combustion engines will decline in the future. Thus to cope with this market development and to optimize manufacturing, it is intended to transfer production of gasoline fuel injectors step-by-step to Bosch's manufacturing site in Hemaraj, Thailand (Robert Bosch Automotive Technologies) beginning 2023, subject to antitrust approvals where needed. Mitsubishi added that it plans to receive supplies from Bosch's Hemaraj factory which is expected to be the main factory in Asia for port fuel injectors for gasoline engines in the future. Nippon Injector will start discussions with its labor union on measures, under coordination with Mitsubishi and Bosch to help associates for further employment, the company noted. [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
SVTPerformance's Chain of Restaurants
Road Side Pub
Interesting Car/Truck Manufacturer News
Top