TOKYO -- Japan's Akebono Brake Industry will consider shutting as many as three plants in the U.S. and Europe as part of a plan to recover from soured North American operations.
Companies
Failed bet on US expansion forces Akebono Brake to shutter plants
Facing crippling losses, supplier trims loss-making sites and offloads stocks
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Akebono Brake Industry looks to shrink its North American operations due to a checkered history in obtaining orders from General Motors. © Reuters
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