| |
 |  |  |  |  |  |
 |
| |||||||
|
Welcome to Mazdaspeed Forums . You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today! If you have any problems with the registration process or your account login, please contact contact us. *When you join MSF as a registered user, there will be No Ads. *Registered Members get access to the Off Topic Area of the Forum *Registered Members have an opportunity to upgrade their accounts to VIP, which brings a host of goddies for supporting MSF such as Raffles, Additional Forum Access, More PM Storage, The ability to upload more Images and many other enhancements. *Registered members also get access to the live chat box! |
 |
| |  | LinkBack | Thread Tools | Search this Thread | Display Modes |
 | 
10-15-2012, 08:20 AM
| #1 |  |
| Eatin' Your Tuna   Join Date: Feb 2008 Location: Nator HQ - San Diego, CA
Posts: 109,784
iTrader: (0)
Rep Power: 10   Thanks: 1,602
Thanked 41,996 Times in 8,188 Posts
Groans: 244
Groaned at 329 Times in 243 Posts
(Thread Starter) |  Report: Toyota, Nissan, Honda to assist in $2.55B bailout of chipmaker Renesas with Japanese gov.  According to a Reuters report, the Japanese government and several of the country's largest manufacturers are joining forces to rescue troubled electronics manufacturer Renesas Electronics. Toyota, Nissan, Honda, Panasonic, Canon and Denso are set to contribute a combined $637.9 million to a $2.55 billion deal that will see the group gain control of the company. Robert Bosch GmbH is also considering investing in the electronics manufacturer. Why are so many varied corporations interested in Renesas' future? The company is the world's leading supplier of microcontroller chips. Even so, the strengthening yen and heavy competition from South Korea's Samsung Electronics Company has seen Renesas suffer through five years of financial losses. As a result, the company has laid off 12 percent of its workers and currently has plans to either sell or consolidate more than half of its domestic manufacturing facilities.Toyota, Nissan, Honda to assist in $2.55B bailout of chipmaker Renesas with Japanese gov. originally appeared on Autoblog on Mon, 15 Oct 2012 09:59:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments More... |
|   |
|
| Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) | |
| |
Similar Threads | ||||
| Thread | Thread Starter | Forum | Replies | Last Post |
| Toyota, Nissan, Honda among investors prepping Renesas rescue | Haltech | Automotive News | 0 | 10-13-2012 02:00 PM |
| Toyota, Honda, Nissan, others propose Renesas rescue, report says | Haltech | Automotive News | 0 | 09-22-2012 09:40 AM |
| Toyota, other Japanese firms to propose Renesas rescue, report says | Haltech | Automotive News | 0 | 09-22-2012 06:30 AM |
| Top auto chipmaker Renesas expects worst-ever annual loss of $1.9 billion | Haltech | Automotive News | 0 | 08-02-2012 05:20 AM |
| Report: Toyota, Honda, Subaru and Nissan close plants in wake of Japanese earthquake | Haltech | Automotive News | 0 | 03-11-2011 08:00 AM |
Linear Mode
