Japanese trading house Sumitomo Corp. reportedly plans to buy auto parts manufacturer Kiriu Corp. in July from investment fund Unison Capital for around 10 billion yen ($US92 million).
Japanese trading house Sumitomo Corp. reportedly plans to buy auto parts manufacturer Kiriu Corp. in July from investment fund Unison Capital for around 10 billion yen ($US92 million).
Reuters noted that Unison Capital, a Japanese investment fund, bought Kiriu, a former Nissan Motor affiliate, in 2001 and owns roughly 90% of the brake disc manufacturer.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.
Excellence in Action Continental has secured the Window Displays Innovation Awardin the 2025 Just Auto Excellence Awards for its Window Projection solution, transforming side windows into dynamic, data-rich canvases. Discover how this compact projection technology and intelligent software are reshaping in-car UX and opening fresh revenue streams for OEMs and mobility providers.