Local Motion ‘Not In Jeopardy’ Despite Parent Company’s Financial Woes

According to an article in the Honolulu Star Bulletin, Local Motion’s Hawaiian assets will not be affected by Minami Corporation filing for court protection from creditors in Japan.

Local Motion’s parent company filed for court protection last Wednesday, saying it had debts of 214.3 million dollars, according to the Kyodo News Service.

TransWorld SURF Business will update this story as it develops.