Pioneer to raise 2.5 bil. yen through rights issue to Honda

Pioneer to raise 2.5 bil. yen through rights issue to Honda

TOKYO, Japan - Pioneer Corp. President Susumu Kotani speaks at a news conference in Tokyo on April 28, saying his company will raise 2.5 billion yen (around $26 million) by issuing shares to Honda Motor Co. to secure funds to turn around its business amid a severe sales slump due to the global economic downturn.

Pioneer to raise 2.5 bil. yen through rights issue to Honda

Pioneer to raise 2.5 bil. yen through rights issue to Honda

TOKYO, Japan - Pioneer Corp. President Susumu Kotani told a news conference in Tokyo on April 28 that his company will raise 2.5 billion yen (around $26 million) by issuing shares to Honda Motor Co. to secure funds to turn around its business amid a severe sales slump due to the global economic downturn.

Pioneer to cut 10,000 jobs globally

Pioneer to cut 10,000 jobs globally

TOKYO, Japan - Pioneer Corp. President Susumu Kotani briefs reporters about the company's plan to withdraw from the flat-panel TV business and to cut a total of 10,000 jobs worldwide during a press conference at a hotel in Tokyo on Feb. 12.

Pioneer to cut 10,000 jobs globally

Pioneer to cut 10,000 jobs globally

TOKYO, Japan - Pioneer Corp. President Susumu Kotani briefs reporters about the company's plan to withdraw from the flat-panel TV business and to cut a total of 10,000 jobs worldwide during a press conference at a hotel in Tokyo on Feb. 12. (Kyodo)

Pioneer to raise 2.5 bil. yen through rights issue to Honda

Pioneer to raise 2.5 bil. yen through rights issue to Honda

TOKYO, Japan - Pioneer Corp. President Susumu Kotani speaks at a news conference in Tokyo on April 28, saying his company will raise 2.5 billion yen (around $26 million) by issuing shares to Honda Motor Co. to secure funds to turn around its business amid a severe sales slump due to the global economic downturn.(Kyodo)

Pioneer to raise 2.5 bil. yen through rights issue to Honda

Pioneer to raise 2.5 bil. yen through rights issue to Honda

TOKYO, Japan - Pioneer Corp. President Susumu Kotani told a news conference in Tokyo on April 28 that his company will raise 2.5 billion yen (around $26 million) by issuing shares to Honda Motor Co. to secure funds to turn around its business amid a severe sales slump due to the global economic downturn.(Kyodo)