TOKYO – It was a defining moment for the new CEO of Japan’s largest automotive supplier: Denso Corp., bluest of the blue chips, had a bottom line that turned distinctly red. Nobuaki Katoh, just three months on the job, was faced with the perfect storm. For nine consecutive months after the shock of the Lehman Brothers Holdings Inc. bankruptcy ushered in a major global recession in September 2008, Katoh witnessed a steady erosion of Denso’s cash holdings as operating losses mounted to ...
Premium Content (PAID Subscription Required)
"Printer-friendly" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.