DETROIT, Mich.–Akebono Brake Industry Co. Ltd. said Monday that it is proceeding with a turnaround “business revitalization plan and profitability improvement measures” with an eye toward a meeting with creditors and preferred shareholders on June 11 and a final plan…
DETROIT, Mich.–Evaporation of business with General Motors in North America short-circuited the growth plans of Japanese Akebono Brake Industry Co. Ltd. in the region, moving the company to close as many as three plants. Akebono is reorganizing with the help…
Coverage expanded by 2 million vehicles Farmington Hills, Mich. – February 28, 2019 – Akebono Brake Corporation, a leader in automotive brake technology announced four Pro-ACT and two EURO disc brake pad kits. All four of the Pro-ACT kits include…
TOKYO — Japan’s Akebono Brake Industry now expects a net loss of 19.2 billion yen ($174 million) for the fiscal year ending in March as the poor U.S. performance necessitated an asset write-down. The new forecast released Tuesday marks a sharp downgrade…
Annual net loss expected to top $90m over impairments in US and elsewhere According to a new article from asia.nikkei.com, Akebono will post losses of 10 billion yen, roughly 90 million dollars. The deeply troubled U.S. arm of the business…
Milford, CT, February 07, 2019 — After a successful inaugural season finishing third overall in the TCR class of the Pirelli World Challenge, FCP Euro is partnering with Akebono for the re-branded TC America Championship in 2019. The team will…
As Akebono figures out next steps to stay solvent, here is the latest news: The Nikkei newspaper initially broke the news that Akebono was seeking debt relief. The newspaper followed with an analysis of how the quest for the latest…
Farmington Hills, Mich. — Feb. 1, 2019 — Aftermarket Auto Parts Alliance, Inc. (AAPA) awarded Akebono Brake Corporation its 2018 Supplier Award for Outstanding Shipping Performance. “We continually strive to deliver the best possible shipping performance; delivering complete, accurate and…
Toyota and peers demand price cuts to free up cash for future vehicles TOKYO — Akebono Brake Industry‘s financial troubles that were revealed this week represent the immense cost cutting pressure auto suppliers are under, as carmakers try to allocate money to their costly…
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 shares tumbling by a quarter on Wednesday.…
Farmington Hills, Mich. – January 29, 2019 – Today Akebono announced six disc brake pad kits: three Pro-ACT, two Akebono Performance and one EURO part numbers, five of the six also include premium stainless hardware. A complete listing of Akebono…
Japanese manufacturer sounds out automaker on cash infusion as US business falters TOKYO — Japan’s Akebono Brake Industry is seeking a capital infusion from top shareholder Toyota Motor and financial relief from bank lenders as it tries to turn operations around under a private…
GLASGOW, KY — For the first time in the history of Akebono Brake, Glasgow Plant (ABG) in Kentucky has decided to employ the use of Robotic Automation within its brake manufacturing and production process. Citing the need to remain competitive…
EIGHT NEW PART NUMBERS ANNOUNCED, EXPANDING PRO-ACT® AND EURO® LINES. Farmington Hills, Mich. – Akebono added five Pro-ACT and three EURO part numbers in November, expanding vehicle coverage by over 3 million. These new parts fit various 2014-2019 vehicles from Audi,…
Farmington Hills, Mich. — November 27, 2018 — Akebono Brake Corporation announces the promotion of Borise Cota to National Sales Manager for the company’s North American Aftermarket Operations. For the last 18 years Cota has led the Western Region as well…
LAS VEGAS — Oct. 31, 2018 — The Auto Care Association’s Import Vehicle Community awarded Akebono’s People of Akebono advertising campaign “Best Merchandising/Advertising of a Product for Import Cars or Trucks” as part of its 2018 Import Product and Marketing…
Akebono Introduces Six New Part Numbers, Expanding Aftermarket Coverage for 1.7 Million Vehicles Farmington Hills, Mich. – August 28, 2018 – Akebono Brake Corporation has recently introduced six new part numbers to its Pro-ACT® and EURO® Ultra-Premium Ceramic Disc Brake Pad lines,…