The latest sign of how far the Japanese economy has tumbled: German automotive parts powerhouse Robert Bosch GmbH has agreed to acquire Japan's Zexel Corp. for $167 million. The acquisition makes Zexel the first Japanese automotive supplier to fall into the hands of foreign ownership. Bosch reportedly plans to better utilize Zexel's production facilities in Japan and elsewhere in Asia. Zexel most likely will use the cash infusion to help purchase equipment needed to produce ...
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