#AKEBONO

Business

Akebono Brake Gets $517 Million Bailout

Akebono Brake Industry Co. says 37 of its creditor banks have agreed to forgive 56 billion yen ($517 million) in debt to help the company through an out-of-court based turnaround.

Economics

Akebono Lands $185 Million Bailout

Ailing Akebono Brake Industry Co. says it has secured 20 billion yen ($185 million) from turnaround specialist Japan Industrial Solutions Co. in exchange for new stock shares.

Brose Names New N. America Chief

Wilm Uhlenbecker has taken over as president of Brose Groups North American unit, effective July 1.

Production

Akebono Brake May Close Two U.S. Factories

Japanese supplier Akebono Brake Industry Co. could close two of its four brake component factories in the U.S. to offset a slump in orders, The Nikkei says.

Economics

Losses Deepen for Akebono Brake

Japan’s Akebono Brake Industry Co. Ltd. predicts it will post an adjusted net loss of 19.2 billion yen ($174 million) in the fiscal year ending March 31, citing losses in the U.S.

Business

Brake Supplier Akebono Seeks Turnaround Aid

Japanese brake system supplier Akebono Brake Industry Co. has filed for an out-of-court turnaround and is seeking financial aid to avoid bankruptcy, The Nikkei reports.

Bosch Sells Remaining Foundation Brakes Business

Robert Bosch GmbH says it has agreed to sell the remainder of its foundation brakes operations to KPS Capital Partners, an American private equity firm, for an undisclosed price.

Bosch Seeks Asian Buyer for Brakes Unit

Robert Bosch GmbH hopes to sell its disk caliper and drum brake business to an Asian company by year-end, according to Reuters, which cites unnamed sources.

Bosch Looks for Asian Buyer for Brakes Unit

Robert Bosch GmbH hopes to sell its disk caliper and drum brake business to an Asian company by year-end, says Reuters, which cites unnamed sources.

Akebono Drops Plan to Buy Bosch Brake Unit

Akebono Brake Industry Co., which acquired Robert Bosch GmbH's North American foundation brake business in 2009, says it is no longer interested in buying similar operations in Europe and elsewhere.

Akebono Mulls Buying Rest of Bosch’s Foundation Brake Unit

Akebono Brake Industry Co., which bought Robert Bosch GmbH's North American foundation brake business last year, says it may acquire the German company's remaining foundation brake operations in Asia, Australia, Europe and Latin America.

Akebono May Buy Rest of Bosch’s Foundation Brake Unit

Akebono Brake Industry Co., which bought Robert Bosch GmbH's North American foundation brake business last year, says it now is considering buying the German company's remaining foundation brake operations in Asia, Australia, Europe and Latin America.

Akebono Expands Brake Operations in Indonesia

Japan's Akebono Brake Industry Co. plans to spend $12 million to upgrade its brake parts plant in Jakarta, Indonesia, and buy adjacent property to expand its production capabilities in the country, The Nikkei reports.

Sales

China Will Lead Akebono Sales Expansion in Asia

Japan's Akebono Brake Industry Co. aims to increase sales by 30% to $230 million in Asia by 2012, led by a 40% boost in sales in China this year.

Ford Adds Suppliers to Preferred List

Ford Motor Co. has named 13 additional suppliers to its list of preferred vendors that work closely with the automaker, thus bringing the total to 90 companies: 67 parts makers and 13 service companies.

Ford Names Another 13 Preferred Suppliers

Ford Motor Co. has added 13 companies to its Aligned Business Framework of preferred suppliers.

The Altima Coupe: More Than the Doors Are Changed

Trying to stay ahead of the competition, Nissan embarks on a mission to get its piece of the growing coupe market

Noise Dynamometer - Akebono Corp. North America

Although you're probably looking at the Porsche, what you're really looking at is a Porsche in a new chassis noise dynamometer that has gone into use at the Akebono Corp.

Akebono and the Power of Process

"Every one of us brings value. That's what we have to respect." That remark is from Kevin Alder, president and COO of Akebono Corp., a company that doesn't want to be all things to all people, but simply the best at what it does. And by recognizing the importance of individuals and their value, it really is simple. But it isn't easy.