KARIYA, Japan — In an industry under siege by electrification, steering system suppliers such as Japan's JTEKT Corp., the industry's segment leader, might be sitting pretty.
After all, electric vehicles still need to be steered down the road.
But JTEKT is feeling pressure to radically revamp to stay in step with the rapidly changing times. And the stakes are high for both JTEKT and its top customer, Toyota Motor Corp.