Not only does Toshiba Corp face major loss of business in the US as a result of the sale of advanced machine tools by its Toshiba Machine affiliate to the Soviet Union, but it is acutely embarrassed by the whole affair and is desperately trying to distance itself from its errant offspring – in which it does hold just over 50%. It has issued a statement saying we would like the US government to understand that Toshiba and Toshiba Machine are different – they may look the same from the out-side, and there is a stock-holding relationship, but the management is completely separate – none of which is likely to cut any ice in Washington.
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