TOKYO -- Akebono Brake Industry will shut a U.S. factory in December 2025, the Japanese auto parts supplier said Friday, continuing its retreat from a failed expansion in the world's second-biggest ...

TOKYO -- Ailing Japanese auto parts supplier Akebono Brake Industry will shut down or sell six factories and eliminate about 3,000 jobs, or 30% of its global staff, under a restructuring plan ...

Akebono Brake Industry Co., Ltd. researches, develops, manufactures, and sells brakes, and related components and parts in Japan, North America, Europe, and other Asian countries. The company offers ...

Akebono Engineering Center in Farmington Hills will lay off 48 people. The layoffs are expected to be permanent. The company lists declining U.S. business as a reason for the job cuts. Japanese brake ...

Akebono Brake Industry has approved the Itochu Group’s acquisition of an interest in Akebono’s North American regional company, and the establishment of a European regional company. The Itochu Group ...

TOKYO, Jan 30 (Reuters) - Japan's Akebono Brake Industry Co Ltd is seeking a capital infusion from top shareholder Toyota Motor Corp and a moratorium on debt repayment as part of a revival plan, ...

TOKYO (Reuters) - Japan's Akebono Brake Industry Co Ltd is seeking a capital infusion from top shareholder Toyota Motor Corp and a moratorium on debt repayment as part of a revival plan, sending its ...

Akebono Brake Industry Co. delayed the release of its earnings and began an investigation into its accounting after finding evidence that the Japanese auto-parts maker inflated its revenue. Financial ...

TOKYO, July 18 (Reuters) - Japan's Akebono Brake Industry Co Ltd said on Thursday it will receive about $185 million from a corporate turnaround fund to help restructure its money-losing business, ...

TOKYO (Bloomberg) -- Akebono Brake Industry Co., the Japanese auto-parts maker that counts General Motors as its biggest customer, is increasing its bet that U.S. auto industry expansion will fuel a ...