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Suzuki Announces FY2019 Vehicle Recycling Results in Japan
22 June 2020 Suzuki Announces FY2019 Vehicle Recycling Results in Japan Suzuki Motor Corporation has today announced the results of vehicle recycling for FY2019 (April 2019 to March 2020) in Japan, based on the Japan Automobile Recycling Law*1. In line with the legal mandate, Suzuki is responsible for promoting appropriate treatment and recycling of automobile shredder residue (ASR), airbags, and fluorocarbons through recycling fee deposited from customers. Recycling of these materials are appropriately, smoothly, and efficiently conducted by consigning the treatment to Japan Auto Recycling Partnership as for airbags and fluorocarbons, and to Automobile Shredder Residue Recycling Promotion Team*2 as for ASR. The total cost of recycling these materials was 3,640 million yen. Recycling fees and income generated from the vehicle-recycling fund totalled 4,150 million yen, contributing to a net surplus of 510 million yen. For the promotion of vehicle recycling, Suzuki contributed a total of 370 million yen from the above net surplus, to the Japan Foundation for Advanced Auto Recycling, and 20 million yen for the advanced recycling business of the Company. For the mid-and long-term, Suzuki continues to make effort in stabilising the total recycling costs. Moreover, besides the recycling costs, the Company bears 120 million yen as management-related cost of Japan Automobile Recycling Promotion Center and recycling-related cost of ASR. The results of collection and recycling of the materials are as follows. 1. ASR - 60,388.3 tons of ASR were collected from 450,662 units of end-of-life vehicles - Recycling rate was 96.7%, exceeding the legal target rate of 70% set in FY2015 since FY2008 2. -
Defendants and Auto Parts List
Defendants and Parts List PARTS DEFENDANTS 1. Wire Harness American Furukawa, Inc. Asti Corporation Chiyoda Manufacturing Corporation Chiyoda USA Corporation Denso Corporation Denso International America Inc. Fujikura America, Inc. Fujikura Automotive America, LLC Fujikura Ltd. Furukawa Electric Co., Ltd. G.S. Electech, Inc. G.S. Wiring Systems Inc. G.S.W. Manufacturing Inc. K&S Wiring Systems, Inc. Kyungshin-Lear Sales And Engineering LLC Lear Corp. Leoni Wiring Systems, Inc. Leonische Holding, Inc. Mitsubishi Electric Automotive America, Inc. Mitsubishi Electric Corporation Mitsubishi Electric Us Holdings, Inc. Sumitomo Electric Industries, Ltd. Sumitomo Electric Wintec America, Inc. Sumitomo Electric Wiring Systems, Inc. Sumitomo Wiring Systems (U.S.A.) Inc. Sumitomo Wiring Systems, Ltd. S-Y Systems Technologies Europe GmbH Tokai Rika Co., Ltd. Tram, Inc. D/B/A Tokai Rika U.S.A. Inc. Yazaki Corp. Yazaki North America Inc. 2. Instrument Panel Clusters Continental Automotive Electronics LLC Continental Automotive Korea Ltd. Continental Automotive Systems, Inc. Denso Corp. Denso International America, Inc. New Sabina Industries, Inc. Nippon Seiki Co., Ltd. Ns International, Ltd. Yazaki Corporation Yazaki North America, Inc. Defendants and Parts List 3. Fuel Senders Denso Corporation Denso International America, Inc. Yazaki Corporation Yazaki North America, Inc. 4. Heater Control Panels Alps Automotive Inc. Alps Electric (North America), Inc. Alps Electric Co., Ltd Denso Corporation Denso International America, Inc. K&S Wiring Systems, Inc. Sumitomo Electric Industries, Ltd. Sumitomo Electric Wintec America, Inc. Sumitomo Electric Wiring Systems, Inc. Sumitomo Wiring Systems (U.S.A.) Inc. Sumitomo Wiring Systems, Ltd. Tokai Rika Co., Ltd. Tram, Inc. 5. Bearings Ab SKF JTEKT Corporation Koyo Corporation Of U.S.A. -
Published on July 21, 2021 1. Changes in Constituents 2
Results of the Periodic Review and Component Stocks of Tokyo Stock Exchange Dividend Focus 100 Index (Effective July 30, 2021） Published on July 21, 2021 1. Changes in Constituents Addition（18） Deletion（18） CodeName Code Name 1414SHO-BOND Holdings Co.,Ltd. 1801 TAISEI CORPORATION 2154BeNext-Yumeshin Group Co. 1802 OBAYASHI CORPORATION 3191JOYFUL HONDA CO.,LTD. 1812 KAJIMA CORPORATION 4452Kao Corporation 2502 Asahi Group Holdings,Ltd. 5401NIPPON STEEL CORPORATION 4004 Showa Denko K.K. 5713Sumitomo Metal Mining Co.,Ltd. 4183 Mitsui Chemicals,Inc. 5802Sumitomo Electric Industries,Ltd. 4204 Sekisui Chemical Co.,Ltd. 5851RYOBI LIMITED 4324 DENTSU GROUP INC. 6028TechnoPro Holdings,Inc. 4768 OTSUKA CORPORATION 6502TOSHIBA CORPORATION 4927 POLA ORBIS HOLDINGS INC. 6503Mitsubishi Electric Corporation 5105 Toyo Tire Corporation 6988NITTO DENKO CORPORATION 5301 TOKAI CARBON CO.,LTD. 7011Mitsubishi Heavy Industries,Ltd. 6269 MODEC,INC. 7202ISUZU MOTORS LIMITED 6448 BROTHER INDUSTRIES,LTD. 7267HONDA MOTOR CO.,LTD. 6501 Hitachi,Ltd. 7956PIGEON CORPORATION 7270 SUBARU CORPORATION 9062NIPPON EXPRESS CO.,LTD. 8015 TOYOTA TSUSHO CORPORATION 9101Nippon Yusen Kabushiki Kaisha 8473 SBI Holdings,Inc. 2.Dividend yield (estimated) 3.50% 3. Constituent Issues (sort by local code) No. local code name 1 1414 SHO-BOND Holdings Co.,Ltd. 2 1605 INPEX CORPORATION 3 1878 DAITO TRUST CONSTRUCTION CO.,LTD. 4 1911 Sumitomo Forestry Co.,Ltd. 5 1925 DAIWA HOUSE INDUSTRY CO.,LTD. 6 1954 Nippon Koei Co.,Ltd. 7 2154 BeNext-Yumeshin Group Co. 8 2503 Kirin Holdings Company,Limited 9 2579 Coca-Cola Bottlers Japan Holdings Inc. 10 2914 JAPAN TOBACCO INC. 11 3003 Hulic Co.,Ltd. 12 3105 Nisshinbo Holdings Inc. 13 3191 JOYFUL HONDA CO.,LTD. -
Corporate Profile
Corporate Profile Company Outline（March 31, 2021） Company Name UNIPRES CORPORATION Established March 1, 1945 (Change of name through company merger on April 1, 1998) Business Activities 1. Manufacture and sale of automotive parts 2. Manufacture and sale of electric machinery parts 3. Manufacture and sale of metal products 4. Manufacture and sale of welders, dies, jigs and tools 5. Inspection and maintenance of press machinery Capital 10,168.95 million yen Sales 234.5 billion yen (consolidated/ending March 31, 2021) Employees 8,996 (consolidated) Head Office 1-19-20 Shin-Yokohama, Kohoku-ku, Yokohama City, Kanagawa Pref. 222-0033 Japan Offices and Plants Kanagawa Pref., Shizuoka Pref., Tochigi Pref., Fukuoka Pref., Hiroshima Pref., U.S.A., Mexico, U.K., France, China, India, Thailand, Indonesia, Brazil Consolidated Unipres R & D Co,. Ltd. Unipres Kyushu Corporation Subsidiary Unipres Precision Corporation Unipres Mold Corporation Unipres Butsuryu Co., Ltd. Unipres Service Corporation Unipres North America, Inc. Unipres U.S.A., Inc. Unipres Southeast U.S.A., Inc. Unipres Alabama, Inc. Unipres Mexicana, S.A. de C.V. Unipres (UK) Limited UM Corporation, SAS Unipres Lussia LLC Unipres (China) Corporation Unipres Guangzhou Corporation Unipres Zhengzhou Corporation Unipres Wuhan Corporation Unipres Precision Guangzhou Corporation Unipres India Private Limited Unipres (Thailand) Co., LTD. PT. Unipres Indonesia Principal Customers Nissan Motor Co., Ltd. Nissan Shatai Co., Ltd. JATCO Ltd Honda Motor Co., Ltd. Renault S.A.S. Groupe PSA Mazda Motor Corporation Mitsubishi Motors Corporation SUBARU CORPORATION SUZUKI MOTOR CORPORATION Isuzu Motors Limited DAIHATSU MOTOR Co., LTD. Hino Motors, Ltd. UD Trucks Corporation Marelli Corporation AISIN CORPORATION Dynax Corporation NSK-Warner K. -
Adnan V. Subaru Corporation Et
Case 1:20-cv-09082 Document 1 Filed 07/17/20 Page 1 of 45 PageID: 1 Christopher A. Seeger Christopher L. Ayers SEEGER WEISS LLP 55 Challenger Road, 6th Floor Ridgefield Park, New Jersey 07660 (973) 639-1000 [email protected] [email protected] UNITED STATES DISTRICT COURT FOR THE DISTRICT OF NEW JERSEY MUHAMMAD ADNAN, individually and on behalf of all others similarly Civil Action No. ________________ situated, Plaintiff, v. CLASS ACTION COMPLAINT and DEMAND FOR JURY TRIAL SUBARU CORPORATION and SUBARU OF AMERICA, INC., Defendants. Case 1:20-cv-09082 Document 1 Filed 07/17/20 Page 2 of 45 PageID: 2 Plaintiff Muhammad Adnan, on behalf of himself and all others similarly situated (the “Class”), alleges the following against Subaru Corporation and Subaru of America, Inc. (“Subaru” or “Defendants”). The allegations herein are based on personal knowledge as to Plaintiff’s own conduct and are made on information and belief as to all other matters based on an investigation by counsel.1 INTRODUCTION 1. This action concerns a dangerous defect in the low-pressure fuel pump (the “Fuel Pump Defect” or “defect”) which can fail and cause Subaru’s most popular models – including the Ascent, Impreza, Legacy, and Outback – to unexpectedly stall and cause engine shut down presenting an immediate and unreasonable risk of physical injury or death. 2. Without fuel, a vehicle will lose power even if in operation. The fuel injection system uses fuel pumps to manage the flow of fuel from the fuel tank to the engine. The fuel system is one of the most basic and critical systems in every gasoline-powered vehicle sold in the United States and throughout the world because it controls speed and keeps the engine running unless until the driver chooses to turn it off. -
Suppliers to the New Nissan Cube
Suppliers to the new Nissan Cube WIRING HARNESS PROTECTION: WIRING HARNESS: ADHESIVE TAPES: FUEL HOSE: WATER HOSE: HVAC: RAIN & LIGHT SENSORS: DOME LIGHT: SEATBELTS WITH PRETENSIONNERS: NAVIGATION SYSTEM: DELFINGEN FEDERAL-MOGUL TESA FEDERAL-MOGUL TRELLEBORG VALEO HELLA CML INNOVATIVE TECHNOLOGIES AUTOLIV BOSCH VACUUM PUMP: RADIO HEAD UNIT: KOLBENSCHMIDT PIERBURG CLARION SYSTEM PROTECTION PARTS: DASH INSULATOR: FEDERAL-MOGUL KASAI PISTONS: HAND LEVER PARKING BRAKE: KOLBENSCHMIDT PIERBURG OTSUKA KOKI CANISTER DRAIN CUT VALVE: MITSUBISHI ELECTRIC CURTAIN INFLATORS: TRW AUTOMOTIVE WATER PUMP: KOLBENSCHMIDT PIERBURG FUEL CAP: STANT CORPORATION ALTERNATOR: MITSUBISHI ELECTRIC DOOR TRIM: KASAI KOGYO O/P CHAIN: TSUBAKIMOTO SIDE DOOR LATCH: VALEO FUEL PUMP: TI AUTOMOTIVE FUEL TANK: TIMING TENSIONER: KAUTEX TEXTRON TSUBAKIMOTO SHOCK ABSORBERS: ENGINE SEALS: KYB FREUDENBERG 4WD DRIVE MODULE: GUIDE: GKN DRIVELINE TSUBAKIMOTO REAR AXLE [4WD]: KNOCK SENSORS: NTN CORPORATION CONTINENTAL ETC: TRANSMISSION SEALS: MITSUBISHI ELECTRIC FREUDENBERG MANUAL TRANSMISSION CLUTCH: REAR AXLE TWIST BEAM: VALEO YOROZU TORQUE CONVERTER ONE-WAY CLUTCH: FUEL SYSTEM: BORGWARNER A RAYMOND MANUAL TRANSMISSION HYDRAULIC SYSTEMS: FUEL DELIVERY MODULES: FACINGS: FRONT JOUNCE BUMPERS: FRONT AXLE BRAKING PADS: SIDESHAFTS: FRONT CVJ: LOWER CONTROL ARM: QUICK CONNECTORS: FUEL LINES: VALEO TI AUTOMOTIVE VALEO BASF CELLASTO HONEYWELL GKN DRIVELINE NTN CORPORATION YOROZU A RAYMOND TI AUTOMOTIVE Suppliers wanted: If you are a supplier and have questions or want your information considered for our cutaway features, contact Steven Wingett at [email protected] or through www.supplierbusiness.com. -
CVJ : CONSTANT VELOCITY JOINTS #SECURITYINSIDE with You
CVJ : CONSTANT VELOCITY JOINTS #SECURITYINSIDE With You CHOOSING NTN-SNR PRODUCTS, YOU WILL HAVE: OE quality products tested and approved by our OE customers Repair kits ready to set up, manufactured inside our plants A range covering the mains brands on the European car park A digital service DID YOU KNOW IT? NTN Corporation is the 2nd worldwide OE supplier in the CV Joint market. NTN-SNR produces 40 million of CV Joints per year thanks to their 5 R&D centers and 15 production plants dedicated to CVJ products over the world: Asia, Europe, South America and United States of America. DO YOU KNOW OUR PART NUMBERS? • Driveshaft kits – DK part numbers (Driveshaft Kits) • Wheel side joint kits – OJK part numbers (Outboard Joint Kits) • Wheel side boot kits – OBK part numbers (Outboard Boot Kits) • Gearbox side boot kits – IBK part numbers (Inboard Boot Kits) THE NTN-SNR AFTERMARKET OFFER With his strong position in OE market, NTN-SNR offers today 473 parts numbers in Aftermarket divided in 4 kind of kits to answer the mechanics needs: - 275 driveshaft kits - 77 outboard joint kits - 59 outboard boot kits - 62 inboard boot kits RANGE SPECIFICATION FIRST TO THE MARKET OE manufacturer, we regularly offer new products to our customers for the latest vehicles hitting the market where there isn’t any competition yet. NTN is a precursor and the first to the market on many parts numbers in the Independent Aftermarket. CAR PARK COVERAGE NTN-SNR offer a wide range for all vehicles in Europe. French cars: Renault (new model of Clio, Megane and Laguna), Dacia (Duster), Peugeot (5008, 3008, Expert), Citroën (DS3, DS4, Jumpy). -
If You Bought Or Leased a New Vehicle Or Bought Certain Replacement Parts for a Vehicle in the U.S
If You Bought or Leased a New Vehicle or Bought Certain Replacement Parts for a Vehicle in the U.S. Since 1995 You Could Get Money From Settlements Totaling Approximately $1.04 Billion A Federal Court authorized this Notice. This is not a solicitation from a lawyer. • Please read this Notice and the Settlement Agreements available at www.AutoPartsClass.com carefully. Your legal rights may be affected whether you act or don’t act. This Notice is a summary, and it is not intended to, and does not, include all the specific details of each Settlement Agreement. To obtain more specific details concerning the Settlements, please read the Settlement Agreements. • Separate lawsuits claiming that Defendants in each lawsuit entered into unlawful agreements that artificially raised the prices of certain component parts of qualifying new vehicles (described in Question 8 below) have been settled with 56 Defendants and their affiliates (“Settling Defendants”). Previously, settlements with 23 of the Settling Defendants (“Round 1 Settlements” totaling approximately $225 million and “Round 2 Settlements” totaling approximately $379 million) received final Court approval. Now, additional settlements totaling approximately $432,823,040 have been reached with 33 Settling Defendants. These Settling Defendants are called the “Round 3 Settling Defendants,” and the settlements with them are called the “Round 3 Settlements.” This Notice will give you details of those proposed Round 3 Settlements and your rights in these lawsuits. • Generally, you are included in the Settlement Classes for the Round 3 Settlements if, at any time between 1995 and 2018, depending upon the component part, you: (1) bought or leased a qualifying new vehicle in the U.S. -
Auto Parts Canadian Settlements
AUTO PARTS CANADIAN SETTLEMENTS Settlement Amount Action Settled Defendant(s) (CDN) Approved Hearing Date (unless otherwise indicated) Air Conditioning DENSO Corporation et al $4,943,000 Feb 28/20 n/a Systems Panasonic Corporation et al $126,000 n/a May 13/21 Marelli Corporation (f/k/a $878,935.99 n/a May 13/21 Calsonic Kansei Corporation) et al Air Flow Meters Hitachi, Ltd., et al $725,000 May 1/17 n/a DENSO Corporation et al $150,000 Feb 28/20 n/a Alternators Hitachi, Ltd., et al $950,000 May 1/17 n/a Mitsubishi Electric $2,200,000 Sept 21/18 n/a Corporation et al DENSO Corporation et al $5,120,000 Feb 28/20 n/a ATF Warmers and Oil T.RAD Co., Ltd. et al $113,476.33 Jun 19/18 n/a Coolers DENSO Corporation et al $302,000 Feb 28/20 n/a Marelli Corporation (f/k/a $64,867.52 n/a May 13/21 Calsonic Kansei Corporation) et al Autolights Mitsuba Corporation et al $150,000 May 28/19 n/a Koito Manufacturing Co., $3,666,000 Aug 27/20 n/a Ltd. et al. Automotive Brake Hitachi Metals, Ltd. et al $175,000 Feb 28/20 n/a Hoses Toyoda Gosei Co., Ltd. $97,419.03 Aug 27/20 n/a Automotive Constant- Toyo Tire & Rubber Co., $258,969.19 Aug 27/20 n/a Velocity-Joint Boot Ltd. et al Products Toyoda Gosei Co., Ltd. $105,846.66 Aug 27/20 n/a Automotive Exhaust DENSO Corporation et al $150,000 Feb 28/20 n/a Systems NGK Spark Plugs (U.S.A.), $66,510 Feb 28/20 n/a Inc., et al Eberspächer Gruppe GmbH $190,000 Aug 27/20 n/a & Co. -
Sampson-Et-Al-V-Subaru-Of-America
Case 1:21-cv-10284-RMB-KMW Document 1 Filed 04/27/21 Page 1 of 187 PageID: 1 IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF NEW JERSEY LAURA AND JAMES SAMPSON, ANTHONY VENTURA AND JOANNE FULGIERI VENTURA, ELIZABETH WHEATLEY, and SHIRLEY REINHARD ON HER OWN BEHALF AND ON Civil Action No. BEHALF OF THE ESTATE OF KENNETH REINHARD, individually and on behalf of all others similarly CLASS ACTION COMPLAINT situated, Plaintiffs, JURY TRIAL DEMANDED v. SUBARU OF AMERICA, INC. and SUBARU CORPORATION f/k/a FUJI HEAVY INDUSTRIES, LTD. Defendants. INTRODUCTION 1. Plaintiffs Laura and James Sampson, Anthony Ventura and Joanne Fulgieri Ventura, Elizabeth Wheatley, and Shirley Reinhard, on her own behalf and on behalf of the Estate of Kenneth Reinhard, (“Plaintiffs”) bring this action for themselves and on behalf of all persons in the United States who purchased or leased any 2013-2021 Subaru equipped with an autonomous emergency braking (“AEB”) system that includes “Pre-Collision Braking” and “Reverse Automatic Braking” (“AEB Class Vehicles”) and on behalf of all persons in the United States who purchased or leased any 2013-2021 Subaru equipped with Lane Keep Assist (“LKA 1 Case 1:21-cv-10284-RMB-KMW Document 1 Filed 04/27/21 Page 2 of 187 PageID: 2 Class Vehicles”), against Subaru of America, Inc. (“SOA”) and Subaru Corporation, formerly known as Fuji Heavy Industries, Ltd., (“Subaru Corp.”) (together with SOA, “Subaru” or “Defendants”). The allegations herein are based on personal knowledge as to Plaintiffs’ own experiences and are made as to other matters based on an investigation by counsel, including analysis of publicly available information. -
Published on 7 October 2016 1. Constituents Change the Result Of
The result of periodic review and component stocks of TOPIX Composite 1500(effective 31 October 2016) Published on 7 October 2016 1. Constituents Change Addition( 70 ) Deletion( 60 ) Code Issue Code Issue 1810 MATSUI CONSTRUCTION CO.,LTD. 1868 Mitsui Home Co.,Ltd. 1972 SANKO METAL INDUSTRIAL CO.,LTD. 2196 ESCRIT INC. 2117 Nissin Sugar Co.,Ltd. 2198 IKK Inc. 2124 JAC Recruitment Co.,Ltd. 2418 TSUKADA GLOBAL HOLDINGS Inc. 2170 Link and Motivation Inc. 3079 DVx Inc. 2337 Ichigo Inc. 3093 Treasure Factory Co.,LTD. 2359 CORE CORPORATION 3194 KIRINDO HOLDINGS CO.,LTD. 2429 WORLD HOLDINGS CO.,LTD. 3205 DAIDOH LIMITED 2462 J-COM Holdings Co.,Ltd. 3667 enish,inc. 2485 TEAR Corporation 3834 ASAHI Net,Inc. 2492 Infomart Corporation 3946 TOMOKU CO.,LTD. 2915 KENKO Mayonnaise Co.,Ltd. 4221 Okura Industrial Co.,Ltd. 3179 Syuppin Co.,Ltd. 4238 Miraial Co.,Ltd. 3193 Torikizoku co.,ltd. 4331 TAKE AND GIVE. NEEDS Co.,Ltd. 3196 HOTLAND Co.,Ltd. 4406 New Japan Chemical Co.,Ltd. 3199 Watahan & Co.,Ltd. 4538 Fuso Pharmaceutical Industries,Ltd. 3244 Samty Co.,Ltd. 4550 Nissui Pharmaceutical Co.,Ltd. 3250 A.D.Works Co.,Ltd. 4636 T&K TOKA CO.,LTD. 3543 KOMEDA Holdings Co.,Ltd. 4651 SANIX INCORPORATED 3636 Mitsubishi Research Institute,Inc. 4809 Paraca Inc. 3654 HITO-Communications,Inc. 5204 ISHIZUKA GLASS CO.,LTD. 3666 TECNOS JAPAN INCORPORATED 5998 Advanex Inc. 3678 MEDIA DO Co.,Ltd. 6203 Howa Machinery,Ltd. 3688 VOYAGE GROUP,INC. 6319 SNT CORPORATION 3694 OPTiM CORPORATION 6362 Ishii Iron Works Co.,Ltd. 3724 VeriServe Corporation 6373 DAIDO KOGYO CO.,LTD. 3765 GungHo Online Entertainment,Inc. -
Patenting by Organizations 2002
PATENTING BY ORGANIZATIONS 2002 March 2003 U.S. PATENT AND TRADEMARK OFFICE OFFICE OF ELECTRONIC INFORMATION PRODUCTS / PTMD PK3 - Suite 441, WASHINGTON, DC 20231 tel (703) 306-2600 / FAX (703) 306-2737 A PTMD TAF DATABASE REPORT Patenting By Organizations 2002 This report, prepared from the Technology Assessment and Forecast (TAF) database, profiles utility patents (i.e., patents for inventions) granted during calendar year 2002. Part A1 Part A1 presents patent counts by origin, U.S. and foreign. Individual counts are also presented for each of the top 36 patenting countries. Patent origin is determined by the residence of the first-named inventor listed on a patent. Patent ownership-category information reflects ownership at the time of patent grant and does not reflect subsequent changes in ownership. If more than one assignee (the entity, if any, to which the patent rights have been legally assigned) was declared at the time of grant, a patent is attributed to the ownership-category of the first-named assignee. The "U.S. Corporations" and "Foreign Corporations" ownership categories count predominantly corporate patents; however, patents assigned to other organizations such as small businesses, nonprofit organizations, universities, etc. are also included in these categories. While the "U.S. Government" ownership category includes only patents granted to the Federal Government, no such distinction is made for the "Foreign Government" ownership category. The "U.S. Individuals" and "Foreign Individuals" ownership categories include patents for which ownership was assigned to an individual as well as patents for which no assignment of ownership was made at the time of grant.