Tag: subsidiary

Lufthansa launching new subsidiary airline despite no labour deal

Lufthansa flags waving in the wind in front of the Lufthansa Aviation Center. The newest airline from Germany’s Lufthansa Group, feeder airline City Airlines, is due to depart on its inaugural flight on 26 June without collective agreements for airline staff. Andreas Arnold/dpa The newest airline from Germany’s Lufthansa Group, feeder airline City Airlines, is […]

Lufthansa launching new subsidiary airline despite no labour deal

Lufthansa flags waving in the wind in front of the Lufthansa Aviation Center. The newest airline from Germany’s Lufthansa Group, feeder airline City Airlines, is due to depart on its inaugural flight on 26 June without collective agreements for airline staff. Andreas Arnold/dpa The newest airline from Germany’s Lufthansa Group, feeder airline City Airlines, is […]

Toyota Subsidiary to Close its Largest U.S. Plant, Cut 1,300 Jobs

A Toyota subsidiary will shut down its largest auto parts plant in the U.S. over concerns about a difficult path to “sustainable profitability.” Hino Motors Manufacturing U.S.A. opened the facility in Marion, Arkansas, in 2006, making truck frames and axles for Hino commercial vehicles as well as for its Toyota parent. It is by far […]

Germany eyes nationalization of Russian oil subsidiary

Germany is considering the nationalization of Rosneft Deutschland, a subsidiary of Russian state-owned oil giant Rosneft, which has been under the control of the German government since September 2022 in the wake of Russia’s full-scale invasion of Ukraine, Reuters reported on Feb. 7, citing sources. The Russian oil giant’s law firm in Germany confirmed the […]

Toyota subsidiary shuts down after admitting it falsified safety tests

Daihatsu, the Japanese automaker owned by Toyota, has shut down its factories in Japan, months after the automaker admitted to falsifying safety tests on vehicles, The Associated Press (AP) reported. The shutdown follows Daihatsu Motor Co.’s announcement last week that it would suspend all vehicle shipments in and outside of Japan after an independent investigation […]

Toyota, the world’s largest automaker by vehicles sold, takes a hit as it recalls over a million cars and a subsidiary reveals faked data stretching back to 1989

Toyota did not have a good Wednesday. The carmaker first halted all worldwide shipments from Daihatsu, one of its subsidiaries, over an investigation related to safety. The company also had to recall 1 million vehicles in the U.S. due to problems with its cars’ airbags. Daihatsu admitted in April that it rigged side-collision safety tests […]

Toyota subsidiary Daihatsu suspends all vehicle shipments over safety cheating

Toyota has said its subsidiary Daihatsu will suspend shipments of all its vehicles in and outside Japan amid a safety scandal after an investigation found improper testing involving 64 models. The safety test irregularities earlier this year prompted an independent panel investigation, which found widespread and systematic problems. Toyota, citing the results of the panel, […]