As for our automotive components business, we
will concentrate production on our EPS systems, for
which we hold the top position in the world. On the
other hand, for the steering column business which
is currently in the red, we will review the profitability
of each project, and either increase our prices or
withdraw from the business. Overall, we plan to scale
down our U.K. automotive components business.
We will transfer the management responsibilities
of the automotive business from the European headquarters
to the parent company so that the head office can
directly control the automotive business on a world-wide
basis. Furthermore, the number of production sites
in the U.K. shall be reduced from the current three
to one, and the workforce shall be reduced accordingly.
|
HOME | Company | Investors | Download | Contact us
