Quantcast
Jump to content
  • Welcome to Auto Parts Forum

    Whether you are a veteran automotive parts guru or just someone looking for some quick auto parts advice, register today and start a new topic in our forum. Registration is free and you can even sign up with social network platforms such as Facebook, Twitter, Google, and LinkedIn. 

     

APF

Hitachi, Honda to merge 4 auto parts makers to boost competitiveness

Recommended Posts

TOKYO - Hitachi Ltd and Honda Motor Co said Wednesday they will merge four auto parts suppliers under a new company to boost competitiveness amid a multitude of challenges and opportunities created by the emergence of autonomous and electric vehicles.

The plan is in response to the intensifying race to develop next-generation technologies for so-called CASE -- connectivity, automation, sharing and electrification -- applications.

The merger involves Hitachi Automotive Systems Ltd, a wholly owned subsidiary of the electronics giant, as well as Keihin Corp, Showa Corp and Nissin Kogyo Co, which are under Honda's wing.

The combined sales of the four firms would be around 1.8 trillion yen ($16.5 billion), making the merged company one of the leading auto parts manufacturers in Japan.

"The auto parts maker business is changing," Hitachi Vice President Keiji Kojima said at a joint press conference in Tokyo.

He said the merger would lead to the development of competitive technologies and solutions while taking advantage of the new company's economies of scale in providing its products globally to customers.

"We can lead the auto industry, especially in the field of automation and electrification," Honda Managing Officer Noriya Kaihara said.

In the deal, Hitachi Automotive Systems will absorb Honda's three subsidiaries after the automaker obtains all stocks in the three suppliers through takeover bids. The name of the new company is yet to be decided.

Hitachi will hold a 66.6 percent stake in the merged company, and the rest will be owned by Honda after finishing their merger procedures in about one year, they said.

Hitachi has been streamlining its automotive business to enhance profitability, selling car navigation system maker unit Clarion Co to French car parts maker Faurecia S.A. in March.

Hitachi Automotive Systems, the largest company among the four firms by sales, said in June it aims to expand its annual sales of automotive parts and related products to between 1.2 trillion and 1.7 trillion yen by the business year ending March 2022 from 971 million yen in the year ended March 2019.

The main products made by Honda's Keihin include fuel management and electric motor control units, while Showa makes steering and shock absorber parts among others. Nissin Kogyo is a supplier of brake parts.

Source: https://japantoday.com/category/business/update1-hitachi-honda-to-merge-4-auto-parts-makers-to-boost-competitiveness

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Similar Topics

    • By Kclubbe
      I’m looking for some JDM parts & accessories. But I have no clue where to start looking or how to purchase them. I’ve searched on google for the parts I want but I cannot find them anywhere. 
       
      If if anyone has any info on where to look or any sites I could find them that would be amazing! 
       
      My vehicle is a 91 Honda wagon just incase that’s needed




    • By Michael Lyons
      Hi everyone,
      I wanted let everyone know that I can help you with your sourcing needs for Porsche parts.   We sell and promote Porsche parts for 911's, 914's, 356's and etc. Connect and query with  our merchants to see what parts they have in stock.

    • By 李太白
      I need brand new parts for BMW X5 G05 If you have please contact me [email protected]
    • By Alex
      We are setting up this topic to share information on any impact the current COVID-19 virus has on the auto parts industry. Sourcing, distribution, parts availability, and business impact. General questions and sharing of knowledge are welcome.
      The WHO has designated this a global pandemic that is already affecting many industries, including most sectors in the automotive industry. Corporate and Independent automotive parts stores are being impacted by repair shop businesses slowing down. As you know, many parts come from China and other parts of the world, which are affected by the current pandemic.
      Please share how this is impacting you and what you are seeing.

  • Our picks

    • Advance Auto Parts Announces Purchase of the DieHard Brand from Transformco
      Advance Auto Parts, Inc. (NYSE: AAP) has acquired the DieHard brand from Transform Holdco LLC (“Transformco”), for $200 million utilizing cash on hand.

      “We are excited to acquire global ownership of an iconic American brand. DieHard will help differentiate Advance, drive increased DIY customer traffic and build a unique value proposition for our Professional customers and Independent Carquest partners. DieHard has the highest brand awareness and regard of any automotive battery brand in North America and will enable Advance to build a leadership position within the critical battery category,” said Tom Greco, president and CEO, Advance Auto Parts. “DieHard stands for durability and reliability and we will strengthen and leverage the brand in other battery categories, such as marine and recreational vehicles. We also see opportunities to extend DieHard in other automotive categories. We remain committed to providing our customers with high-quality products and excellent service. The addition of DieHard to our industry leading assortment of national brands, OE parts and owned brands will enable us to differentiate Advance and drive significant long-term shareholder value.”
      • 0 replies
    • AmazonBasics 6-Pack High Mileage Motor Oil - Synthetic Blend
      AmazonBasics High Mileage Motor Oil - Synthetic Blend

      AmazonBasics high-mileage synthetic-blend motor oil offers an enhanced level of protection for engines over 75,000 miles. Its synthetic blend combines conventional oil with synthetic for cost efficiency with some of the benefits of a full synthetic. An important part of routine maintenance, the motor oil works well for anything from topping off levels to complete oil changes. Whether it’s a beloved older vehicle or one with an uncertain maintenance history, help protect its engine with AmazonBasics high-mileage, synthetic-blend motor oil.
      • 3 replies
    • OEM vs. Aftermarket Parts for Your Car: How to Choose
      When selecting parts for a car repair, it pays to know the differences between original and aftermarket parts. Whenever possible, get estimates for both.

      Choosing between original and aftermarket car parts — and even used parts of either type — is all about squaring your priorities with your budget.

      You’ll have different options depending on the part and the shop. And the best choice will depend on whether you’re trying to keep repairs cheap, restore your car’s appearance after a wreck or soup up your ride.

      Original equipment manufacturer (OEM) parts match those that came with your car, and are of the same quality as its original parts. They’re also the most expensive.
        • Like
      • 1 reply
    • Replacement Intervals For Oil And Air Filters In Today’s Vehicles
      The factory-recommended replacement intervals for filters can vary quite a bit depending on the year, make and model of the vehicle, as well as how it is driven. As a rule, older vehicles (those more than 15 to 20 years old) typically have more frequent service intervals than newer vehicles. Why? Because late-model vehicles require less maintenance, thanks to improvements in motor oils, transmission fluids, engine design and filter media.

      Many long-life air and oil filters use synthetic fiber media or a blend of cellulose and synthetic fibers to extend filter life.

      Changing the oil and filter every 3,000 miles was standard practice decades ago. But it’s no longer necessary because most multi-viscosity oils today are a synthetic blend or a full synthetic that resist viscosity breakdown and oxidation for a much longer period of time. Late-model fuel-injected engines also run much cleaner than their carbureted ancestors, which reduces oil contamination in the crankcase.
        • Like
      • 0 replies
    • Oil Filters And Air Filters: Important Maintenance Parts
      Air filters, cabin air filters, oil filters and (sometimes) fuel and transmission filters are important maintenance parts that typically are replaced according to a time and/or mileage schedule. A vehicle’s service schedule recommendations can be found in the owner’s manual or in a separate brochure. Unfortunately, many motorists never read – or totally ignore – the recommendations.

      Factory service schedules are designed to prolong the life of the engine, transmission and cooling system, to reduce premature wear and breakdowns, but also to minimize maintenance costs while the vehicle is still under warranty. That’s why factory oil change recommendations have been stretched to 7,500 to 10,000 miles or more on many late-model vehicles. Most late-model cars and light trucks no longer have recommended change intervals for transmission fluid and filters, or for fuel filters. These so-called “lifetime” fluids and filters are supposed to last a long time – but they won’t last forever. Experience has shown that “lifetime” filters and fluids don’t live up to the hype.

      Fuel filters always should be replaced when a fuel pump is replaced (unless the filter is part of the fuel pump module assembly). Likewise, transmission filters should be replaced if a customer is changing the fluid in their transmission.

      Last Line of Defense Against Contaminants

      Filters are the first line of defense against contaminants. Air filters keep dirt and abrasive particles out of the engine. A good-quality air filter will trap about 98 percent or more of the particles that can cause trouble inside an engine. As the filter media becomes saturated with dirt, it’s efficiency actually increases. But, as the filter becomes clogged with more and more dirt, it also becomes more restrictive to airflow. The greater the pressure drop across the filter, the more it hurts performance and fuel economy.
        • Like
      • 0 replies
  • Similar Content

    • By Kclubbe
      I’m looking for some JDM parts & accessories. But I have no clue where to start looking or how to purchase them. I’ve searched on google for the parts I want but I cannot find them anywhere. 
       
      If if anyone has any info on where to look or any sites I could find them that would be amazing! 
       
      My vehicle is a 91 Honda wagon just incase that’s needed




    • By Hamzah Tee
      I have purchased a glass roof from my Honda crx and am unable to find a panel to get the glass fitted.  
×
×
  • Create New...

Copyright © 2020 AutoPartsForum Powered by Invision Community