TOKYO -- Akebono Brake Industry is on track for a net loss of roughly 10 billion yen ($91.1 million) covering the fiscal year ending in March, plunging into the red for the first time in three years due to impairment losses at its troubled U.S. business.
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Akebono Brake heads into the red as rehab plan looms
Annual net loss expected to top $90m over impairments in US and elsewhere
Akebono Brake Industry is affiliated with Toyota Motor, and key clients include General Motors.
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