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JTEKT announced it has terminated discussions with Mitsubishi Heavy Industries regarding a business partnership in the machine tool field, including capital participation in Mitsubishi Heavy Industries Machine Tool. The basic agreement has been cancelled.
“ジェイテクトは、三菱重工業との間で進めていた、工作機械分野における事業提携に向けた協議を中止する。”monoist.itmedia.co.jp
Summarized from public sources; check the original articles before acting on it.