d Dec. 31, 2022 Net R&D Expenditure 2,347 2,418 2,148 % of Sales 18.6 18.2 16.3 -In the fiscal year ended December 31, 2024, the company’s R&D Expenditure decreased by USD 71 million, or 2.9%, from the previous year’s USD 2,418 million to USD 2,347. The decline was primarily due to lower bonus payments and increased government assistance through subsidies and R&D tax credits. These savings were partly offset by higher engineer salaries...

Major Suppliers  Updated at: 2025/07/04

Joyson Safety Systems, producer of security systems for the automotive industry, closed its plant in Matamoros, Mexico, after having suffered from work stoppages that began in January due to the 20/32 workers movement in the area. The 20/32 movement, which demanded a wage increase of 20% and annual bonus of MXN 32,000, arose after workers in Matamoros complained that companies eliminated benefits after fulfilling Mexican President Andres Manuel L...

Major Suppliers  Updated at: 2025/05/17

rom crushed fingers, hands or belongings with its anti-pinch protection. The smart autonomous door is in continuous communication with the integrated static obstacle detection. If the sensors identify a stationary obstacle, then the intelligent door automatically stops the opening process. An added bonus is the continuously variable gap angle. The intelligent door supports smooth opening in any position without snapping into place at all. Despite...

Major Suppliers  Updated at: 2025/04/22

decided to implement an early retirement scheme, targeting its non-manufacturing workers who are 40 years old or older and have five or more years of service with the company. There is no set duration or goal in terms of the number of applicants to the program. Jatco will offer an early retirement bonus and outplacement assistance to the applicants. A company spokesperson stated that it had been anticipated that the shift to electrically powered...

Major Suppliers  Updated at: 2024/12/24

's Plymouth, Michigan, plant ratified a new labor deal — their first since voting to join the UAW in 2023. Around 200 workers at the plant will receive raises of up to 51% over three years as part of the contract, which 96% of voting members approved. Workers will receive a USD 2,250 ratification bonus, and many will see their wages rise by USD 9 per hour over the life of the deal, the union said. Webasto's Plymouth facility makes convertible s...

Major Suppliers  Updated at: 2024/10/18

ty Control), and brake management, while being functionally scalable. (From a Fast Group press release dated October 18, 2024) Yokowo Co., Ltd. announced 10% reduction of monthly managerial salaries from April 2009, in addition to reducing compensation and cutting off bonus for executives. Although bonus has been decreased for managers and overtime work has been regulated for general em...

Major Suppliers  Updated at: 2024/08/08

himbun on May 17, 2012) Yachiyo Industry Co., Ltd. announced on January 13 that it will offer a special early retirement assistance program to streamline its workforce structure faced with a projected decline in orders for minivehicles from Honda. Applicants for the program are to receive a special bonus in addition to ordinary severance payment when they retire from the company on April 30. Yachiyo is planning to reduce the operation schedule at...

Major Suppliers  Updated at: 2024/07/19