Showa Corporation

Honda: Notice of Change in Capital Structure of Hitachi Astemo including Capital Participation of JIC Capital

Retrieved on:

Thursday, March 30, 2023

CASE, Keihin Corporation, IPO, JICC, EMS, Limited partnership, Car, Knowledge, Growth, Showa Corporation, Waste management

TOKYO, Mar 30, 2023 - (JCN Newswire) - Hitachi, Ltd. ("Hitachi"), Honda Motor Co., Ltd ("Honda"), JICC-01 Limited Partnership ("JICC-01") managed by JICC-01 G.K., which is a wholly owned subsidiary of JIC Capital, Ltd. ("JICC") and Hitachi Astemo, Ltd. ("Hitachi Astemo") have today agreed capital participation of JICC on Hitachi Astemo and change in its capital structure.

Key Points:

TOKYO, Mar 30, 2023 - (JCN Newswire) - Hitachi, Ltd. ("Hitachi"), Honda Motor Co., Ltd ("Honda"), JICC-01 Limited Partnership ("JICC-01") managed by JICC-01 G.K., which is a wholly owned subsidiary of JIC Capital, Ltd. ("JICC") and Hitachi Astemo, Ltd. ("Hitachi Astemo") have today agreed capital participation of JICC on Hitachi Astemo and change in its capital structure.
Based on this agreement, the ownership ratio of voting rights for Hitachi Astemo will be changed from Hitachi : Honda = 66.6% : 33.4% to Hitachi : Honda : JICC-01 = 40.0% : 40.0% : 20.0% in September 2023.
In the meantime, Honda plans to purchase a certain number of shares of Hitachi Astemo's common stock from Hitachi and also plans to transfer all of its common shares of Hitachi Astemo Electric Motor Systems, Ltd. ("Hitachi Astemo EMS") to Hitachi Astemo, and in exchange Honda will acquire common shares of Hitachi Astemo which will be newly issued.
As a result of the share transfer from Honda, Hitachi Astemo will make Hitachi Astemo EMS a wholly owned subsidiary to integrate Hitachi EMS strategically and optimize and strengthen further the strategy for electric powertrain.

$6,000,000 in Direct Purchaser Settlements Reached with Shock Absorbers Manufacturers in Price Fixing Class Action Lawsuit

Retrieved on:

Monday, March 20, 2023

Southern Division, LLP, Hitachi, Class representative, KYB, Absorbance, KYB Corporation, District court, Settlement, Notice, Hearing, Béliveau, Counsel, United States district court, Showa Corporation, P.C

(The proceeds of the two settlement funds are referred to collectively to as the "Shock Absorbers Settlement Fund").

Key Points:

(The proceeds of the two settlement funds are referred to collectively to as the "Shock Absorbers Settlement Fund").
A Notice of Proposed Settlements and Claim Form (the "Notice") was mailed to potential Settlement Class members on or about March 9, 2023.
The Notice describes the litigation and options available to Settlement Class members with respect to the KYB and Hitachi Astemo settlements in more detail.
The Notice and other important documents related to the settlements can be accessed at www.AutoPartsAntitrustLitigation.com/ShockAbsorbers , or by calling 1-877-393-1069 or writing to Shock Absorbers Direct Purchaser Antitrust Litigation, P.O.

Automotive Gears Market is expected to generate a revenue of USD 58.96 Billion by 2028, Globally, at 6.0% CAGR: Verified Market Research®

Retrieved on:

Friday, February 3, 2023

Transmission system, AAM, Gear, Inorganic polymer, Worm, Carbon, Geography, Showa Corporation, Torque, Research, GKN, USD, Metal Gear (mecha), ZF, RSB, Epicyclic gearing, Hydraulic machinery, Thermoplastic

JERSEY CITY, N.J, Feb. 3, 2023 /PRNewswire/ -- Verified Market Research® recently published a report, "Automotive Gears Market" By Product Type (Bevel Gears, Helical Gears, Rack & Pinion Gears), By Material Type (Non-Metallic Gears and Metallic Gears), By Application (Transmission System, Steering System, Differential System), and By Geography.

Key Points:

There are many types of gears such as Bevel Gears, Helical Gears, Rack & Pinion Gears, Spur Gears, Worm Gears, etc.
The "Global Automotive Gears Market" is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.
The "Global Automotive Gears Market" study report will provide valuable insight with an emphasis on the global market.
Based on the research, Verified Market Research® has segmented the global Automotive Gears Market into Product Type, Material-Type, Application, And Geography.

Automotive Gears Market is expected to generate a revenue of USD 58.96 Billion by 2028, Globally, at 6.0% CAGR: Verified Market Research®

Retrieved on:

Friday, February 3, 2023

JERSEY CITY, N.J, Feb. 3, 2023 /PRNewswire/ -- Verified Market Research® recently published a report, "Automotive Gears Market" By Product Type (Bevel Gears, Helical Gears, Rack & Pinion Gears), By Material Type (Non-Metallic Gears and Metallic Gears), By Application (Transmission System, Steering System, Differential System), and By Geography.

Key Points:

There are many types of gears such as Bevel Gears, Helical Gears, Rack & Pinion Gears, Spur Gears, Worm Gears, etc.
The "Global Automotive Gears Market" is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.
The "Global Automotive Gears Market" study report will provide valuable insight with an emphasis on the global market.
Based on the research, Verified Market Research® has segmented the global Automotive Gears Market into Product Type, Material-Type, Application, And Geography.

Automotive Steering System Market is expected to generate a revenue of USD 44.14 Billion by 2030, Globally, at 4.5% CAGR: Verified Market Research®

Retrieved on:

Tuesday, January 24, 2023

USD, Rack and pinion, ZF Friedrichshafen, Showa Corporation, Nexteer Automotive, TRW Automotive, LCV, Growth, Research, OEM, NSK, Commercial vehicle, HCV, Geography, NSK Ltd., Car, Transport

The steering system of the automobile consists of the steering column, rack & pinion mechanism, universal joints, and hand-operated steering wheel.

Key Points:

The steering system of the automobile consists of the steering column, rack & pinion mechanism, universal joints, and hand-operated steering wheel.
The improvement led to the switch from conventional to power assist steering for the steering system.
The "Global Automotive Steering System Market" is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.
The "Global Automotive Steering System Market" study report will provide valuable insight with an emphasis on the global market.

Automotive Steering System Market is expected to generate a revenue of USD 44.14 Billion by 2030, Globally, at 4.5% CAGR: Verified Market Research®

Retrieved on:

Tuesday, January 24, 2023

USD, Rack and pinion, ZF Friedrichshafen, Showa Corporation, Nexteer Automotive, TRW Automotive, LCV, Growth, Research, OEM, NSK, Commercial vehicle, HCV, Geography, NSK Ltd., Car, Transport

The steering system of the automobile consists of the steering column, rack & pinion mechanism, universal joints, and hand-operated steering wheel.

Key Points:

The steering system of the automobile consists of the steering column, rack & pinion mechanism, universal joints, and hand-operated steering wheel.
The improvement led to the switch from conventional to power assist steering for the steering system.
The "Global Automotive Steering System Market" is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.
The "Global Automotive Steering System Market" study report will provide valuable insight with an emphasis on the global market.

Hitachi Astemo develops prototype of a new steer-by-wire steering device that expands cabin space

Retrieved on:

Thursday, October 20, 2022

Drivetrain, Environment, Hitachi, Showa Corporation, Airport Movement Area Safety System, Failure, Growth, Safety, Technology, Hydraulic machinery, Heavy equipment

TOKYO, Oct 20, 2022 - (JCN Newswire) - Hitachi Astemo, Ltd. has developed a prototype of a new steer-by-wire steering device that eliminates the conventional steering wheel and expands the cabin space.

Key Points:

TOKYO, Oct 20, 2022 - (JCN Newswire) - Hitachi Astemo, Ltd. has developed a prototype of a new steer-by-wire steering device that eliminates the conventional steering wheel and expands the cabin space.
In anticipation of automated driving, Hitachi Astemo is leveraging the collective strength of the Hitachi Group in developing steer-by-wire technology.
With steer-by-wire systems, the lack of a mechanical link enables the downsizing of steering devices to increase cabin space and eliminate the conventional steering wheel altogether.
A smaller steering device, however, can result in the vehicle's steering being overly sensitive to driver inputs.

Hitachi Astemo develops Steer-by-Wire prototype with advanced steering and failsafe function

Retrieved on:

Monday, October 3, 2022

Showa Corporation, Drivetrain, Nuclear reactor safety system, Freedom, Technology, Research, Hitachi, Failure, Growth, PC Open Architecture Developers' Group, Safety, Environment, Heavy equipment

TOKYO, Oct 3, 2022 - (JCN Newswire) - Hitachi Astemo, Ltd.has developed a Steer-by-Wire prototype for vehicles, which actuates the tires not mechanically, but through the electric control of steering wheel inputs.

Key Points:

TOKYO, Oct 3, 2022 - (JCN Newswire) - Hitachi Astemo, Ltd.has developed a Steer-by-Wire prototype for vehicles, which actuates the tires not mechanically, but through the electric control of steering wheel inputs.
The prototype not only realizes smooth, effortless steering wheel operation, but also redundancy through a fail-safe function that enables the continued operation in the event of a failure.
With Steer-by-Wire, Hitachi Astemo leverages the advanced steering feel technology developed through the former Showa Corporation's many years of extensive research.
In addition, Hitachi Astemo and Hitachi, Ltd. Research & Development Group have jointly developed a function that conveys when the vehicle body has not turned during inputs of the steering wheel.

Electric Power Steering Market is expected to generate a revenue of USD 38.10 Billion by 2026, Globally, at 7.22% CAGR: Verified Market Research®

Retrieved on:

Monday, September 19, 2022

JERSEY CITY, N.J., Sept. 19, 2022 /PRNewswire/ -- Verified Market Research recently published a report, "Electric Power Steering Market" By Type(R-EPS, P-EPS, C-EPS), By Component(Sensor, Steering Column, Steering Motor and Other), By Electronic Motor Type(Brushless DC Motors and Brushed DC Motors), By Mechanism(Rigid EPS and Collapsible EPS), By Vehicle Type(Commercial Vehicles and Passenger Cars), and By Geography.

Key Points:

According to the extensive research done by Verified Market Research experts, the Electric Power Steering Market size was valued at USD 22.05 Billion in 2018 and is projected to reach USD 38.10 Billion by 2026, growing at a CAGR of 7.22% from 2019 to 2026.
While hydraulic power steering utilizes a pump that is built into an oil tank, electric power steering (EPS) uses an electric motor to turn the steering wheel.
With the aid of a control unit, electric motor, and sensors like a torque sensor, electric power steering is operated.
Verified Market Research has segmented the Global Electric Power Steering Market On the basis of Type, Component, Electric Motor Type, Mechanism, Vehicle Type, and Geography.

Electric Power Steering Market is expected to generate a revenue of USD 38.10 Billion by 2026, Globally, at 7.22% CAGR: Verified Market Research®

Retrieved on:

Monday, September 19, 2022

JERSEY CITY, N.J., Sept. 19, 2022 /PRNewswire/ -- Verified Market Research recently published a report, "Electric Power Steering Market" By Type(R-EPS, P-EPS, C-EPS), By Component(Sensor, Steering Column, Steering Motor and Other), By Electronic Motor Type(Brushless DC Motors and Brushed DC Motors), By Mechanism(Rigid EPS and Collapsible EPS), By Vehicle Type(Commercial Vehicles and Passenger Cars), and By Geography.

Key Points:

According to the extensive research done by Verified Market Research experts, the Electric Power Steering Market size was valued at USD 22.05 Billion in 2018 and is projected to reach USD 38.10 Billion by 2026, growing at a CAGR of 7.22% from 2019 to 2026.
While hydraulic power steering utilizes a pump that is built into an oil tank, electric power steering (EPS) uses an electric motor to turn the steering wheel.
With the aid of a control unit, electric motor, and sensors like a torque sensor, electric power steering is operated.
Verified Market Research has segmented the Global Electric Power Steering Market On the basis of Type, Component, Electric Motor Type, Mechanism, Vehicle Type, and Geography.