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Merck CEO quits Trump manufacturing council over Charlottesville, draws snide tweet revenge

via The Japan Times    Aug 15, 2017

U.S. President Donald Trump speaks in February alongside Merck CEO Kenneth Frazier during a meeting with manufacturing CEOs in the State Dining Room at the White House in Washington. President Donald Trump lambasted Merck's CEO on Monday after the African-American pharmaceutical executive resigned from a White House advisory council, citing Trump's controversial response to a violent white supremacist rally. | AFP-JIJI

Merck & Co. Inc. Chief Executive Kenneth Frazier resigned from U.S. President Donald Trump’s American Manufacturing Council on Monday, saying he was taking a stand ...

Rust Belt Detroit’s vacant land, industrial park, tech-savvy pool luring manufacturers

via The Japan Times    Aug 14, 2017

Heavy machinery clears land at the Interstate 94 Industrial Park in Detroit in July. The park is former vacant land that the city is marketing to manufacturing and industrial companies. Auto parts supplier Flex-N-Gate is expected to bring 750 jobs to Detroit when it completes its 350,000-sq.-foot plant at the industrial park. | AP

Inside a fenced construction site on Detroit’s east side, heavy machines are digging, shoving and hauling away tons of dirt in preparations for the latest ...

Trump’s NAFTA autos goals set to collide with industry, as negotiators prepare for talks to begin

via The Japan Times    Aug 14, 2017

National flags representing the United States, Canada, and Mexico fly in the breeze as leaders of the North American Free Trade Agreement meet in New Orleans in 2008. Renegotiations of the three-way trade pact are set to start Wednesday in Washington D.C. | AP

The Trump administration has set a collision course with the auto industry as it launches renegotiations of the 23-year-old NAFTA trade pact this week, aiming ...

U.S. fund KKR to suspend tender offer for Hitachi chip device unit

via The Japan Times    Aug 10, 2017

Kohlberg Kravis Roberts decided to suspend a tender offer for Hitachi Ltd.'s chip manufacturing device maker. | ISTOCK

U.S. investment fund Kohlberg Kravis Roberts said Wednesday it has decided to suspend a tender offer for Hitachi Ltd.’s chip manufacturing device maker Hitachi Kokusai ...

Machinery orders in Japan slipped 1.9% in June

via The Japan Times    Aug 10, 2017

A worker assembles an engine on a production line in Ota, Gunma Prefecture, in March 2017. Japan saw core private-sector machinery orders fall in June for the third straight month. | BLOOMBERG

Core private-sector machinery orders fell for a third consecutive month in June as a downturn in manufacturing overshadowed a recovery in nonmanufacturing, the government said ...

Budding inventors find encouragement in Sony’s Seed Accelerator Program

By Yuji Nakamura,Yuki Furukawa
- via The Japan Times    Aug 09, 2017

Sony Chief Executive Officer Kazuo Hirai started the Seed Accelerator Program in 2014 to encourage invention and risk-taking. | BLOOMBERG

Sony Corp., which is emerging from five years of brutal restructuring that gutted its workforce and product lineup, wants to show off a few new ...

Nissan to sell battery unit to Chinese private equity firm in $1 billion deal

via The Japan Times    Aug 09, 2017

An employee prepares to install a charging plug in the socket of a Nissan Leaf electric automobile during the Geneva International Motor Show in the Swiss city in 2015. | BLOOMBERG

Nissan Motor Co. is selling its battery business to Chinese private equity firm GSR Capital for about $1 billion, a person with knowledge of the ...

Electric car startup Faraday Future inks California factory deal

via The Japan Times    Aug 08, 2017

(Faraday Future's FF91 electric car is on display at the 2017 Consumer Electronic Show (CES) in Las Vegas, Nevada, in January. Electric car startup Faraday Future said Monday it had signed a lease for a new assembly plant in California and reaffirmed its intention to start deliveries in 2018. | AFP-JIJI

Electric car startup Faraday Future said Monday it had signed a lease for a new assembly plant in California and reaffirmed its intention to start ...

Mississippi shows promise as Toyota and Mazda seek U.S. location for new auto assembly plant

By John Lippert,Claire Ballentine
- via The Japan Times    Aug 08, 2017

Workers check an assembled vehicle at a Toyota Motor Corp. plant in Mississippi. | KYODO

As Toyota Motor Corp. and Mazda Motor Corp. begin to scour the U.S. in search of a location for the first auto assembly plant announced ...

To pare losses, Japan Display eyes cutting 4,000 jobs

via The Japan Times    Aug 08, 2017

Japan Display Inc. is reportedly considering slashing around 4,000 jobs, mostly at overseas factories. | BLOOMBERG

Japan Display Inc. is considering slashing around 4,000 jobs, about 30 percent of its total workforce, by streamlining manufacturing lines, mostly overseas, to turn around ...




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