Japan’s Nidec delays results again, vows culture reform after crisis
The company’s founder Shigenobu Nagamori has already stepped down as chairman of the board Japanese electric motor maker Nidec delayed the release of its quarterly results and…
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Nidec
Nidec founder and chairman Nagamori quits board after spate of accounting issues
The 81-year-old has voluntarily resigned his post, the world’s largest maker of mini-motors says Nidec said its founder Shigenobu Nagamori will step down from his position as chairman of…
Japan’s Nidec shares sink 22% on fears of systematic accounting issues
Nidec’s shares plunged as much as 22 per cent, the most on record, after the Japanese electronic components maker found evidence that senior executives may have been involved in a number…
Japan’s Nidec builds made-in-China EV motor to help Toyota catch rivals
Japan’s Nidec is building an almost totally “made-in-China” electric vehicle (EV) motor to help Toyota Motor compete in the world’s largest auto market, according to chief executive…
Nidec announces 257 billion yen unsolicited bid for Makino Milling
JAPANESE manufacturing giant Nidec said on Friday (Dec 27) that it planned to launch a tender offer for Makino Milling Machine at a 42 per cent premium to Thursday’s closing share price,…