Agent009 submitted on 5/31/2011 Auto Spies Photos Timestamp: 10:00:12 AM
Views : 4,778 | Category: Misc News | Source: | SOURCE: www.yomiuri.co.jp
The Development Bank of Japan plans to raise 50 billion yen to establish a fund in June to assist auto parts manufacturers hit by the March earthquake and tsunami, it has been learned. It will ask major financial groups and the Japan Auto Parts Industries Association to invest in the fund. The auto parts industries association will also help the fund select which manufacturers to assist, according to sources. The fund is designed to finance major auto parts manufacturers, and these makers are expected in turn to invest in subcontractors. The aim is to infuse money into small and medium-sized auto parts manufacturers, which the DBJ and major financial groups do not have regular business contacts with. The DBJ hopes this will speed up the rehabilitation of the auto parts industry.Full 2012 Best Design And Style Award-Car Photo Gallery2012 Mercedes-Benz SLS AMG Roadster Photo Gallery2011 BMW 335d M-Sport Photo Gallery2011 Concorso d'Eleganza Villa d'Este Photo GalleryAston Martin V12 Zagato Photo GalleryFiat 500c Convertible Photo GalleryAutoSpies.com Photo GalleriesIf you want to see your photos running on our homepage photo ticker, be sure to upload your photos on the go by sending them to Mobile@AutoSpies.com Share on Facebook Read Article
The Development Bank of Japan plans to raise 50 billion yen to establish a fund in June to assist auto parts manufacturers hit by the March earthquake and tsunami, it has been learned.
It will ask major financial groups and the Japan Auto Parts Industries Association to invest in the fund. The auto parts industries association will also help the fund select which manufacturers to assist, according to sources.
The fund is designed to finance major auto parts manufacturers, and these makers are expected in turn to invest in subcontractors. The aim is to infuse money into small and medium-sized auto parts manufacturers, which the DBJ and major financial groups do not have regular business contacts with. The DBJ hopes this will speed up the rehabilitation of the auto parts industry.Full 2012 Best Design And Style Award-Car Photo Gallery2012 Mercedes-Benz SLS AMG Roadster Photo Gallery2011 BMW 335d M-Sport Photo Gallery2011 Concorso d'Eleganza Villa d'Este Photo GalleryAston Martin V12 Zagato Photo GalleryFiat 500c Convertible Photo Gallery
Share on Facebook
"Normal is an illusion. What's normal for the spider is chaos for the fly."— Agent009 (View Profile)
"Normal is an illusion. What's normal for the spider is chaos for the fly."
— Agent009 (View Profile)
More photo galleries