KARIYA, Japan – In another move designed to strengthen Toyota Motor Corp.'s supplier group, Koyo Seiko Co. Ltd. and Toyoda Machine Works Ltd., the auto maker's main steering and driveline providers, will merge their businesses in January. The announcement, formalized at a joint board meeting in May, builds upon an earlier alliance, FAVESS Co. Ltd., which was established in 2002 to develop and market electronic power steering (EPS) systems. The new organization, to be named JTEKT Corp., ...
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