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Exclusive-Toyota group companies plan $4.7 billion sale of Denso stake -sources
Toyota group companies plan to cut their holdings in supplier Denso by selling around 10% of the company by year-end. The share sale likely worth around $4.7 billion, two sources familiar with the matter said. Toyota's portion will represent almost half of the roughly 10%, the sources said.
Toyota group companies plan $4.7 bln sale of Denso... Toyota group companies to sell about 10% stake by year-end-sources. Toyota Motor expected to remain top shareholder in Denso after the sale. Denso separately plans to buy back some of its own shares to offset hit to share price.
Japan's Denso to target $8 bln in electrification... Japan's Denso to target $8 bln in electrification revenue by FY 2025. Parts maker raised its 2025 revenue target by 20% from last year.
Japan's Denso, Mitsubishi Electric to invest $1 billion in Coherent's silicon carbide unit Denso and Mitsubishi Electric will invest $1 billion in Coherent's silicon carbide business. Coherent is a major U.S. supplier of materials used to make chips for the automotive industry. The investment would alleviate the financial burden for Coherent.
Japan's Denso, Mitsubishi Electric to invest $1 bln in... Japan's Denso, Mitsubishi Electric to invest $1 bln in Coherent's silicon carbide unit. Coherent is a major U.S. supplier of materials used to make chips for the automotive industry. The investment would alleviate the financial burden for Coherent.
Japan's Denso, Mitsubishi Electric to invest $1 billion in Coherent's silicon carbide unit Denso and Mitsubishi Electric will invest $500 million each in exchange for a 12.5% non-controlling ownership interest in Coherent's unit. Coherent, which makes lasers and switches for circuits, has a market value of $4.69 billion.
Toyota to boost EV development and technology in China The move is the latest from the world's top-selling carmaker to show a sharper pivot to electric vehicles. It recently detailed an ambitious new EV strategy that includes an overhaul of its supply chain. Toyota is to accelerate powertrain development with suppliers Denso and Aisin.
Toyota supplier Denso posts 48% rise in Q1 profit Japan's Denso posted a 48.3% rise in first quarter profit on Friday, missing analysts' estimates. Operating profit for the three months to end-June totalled 94.38 billion yen.
Toyota supplier Denso posts 48% rise in Q1 profit Japan's Denso posted a 48.3 per cent rise in first quarter profit on Friday.Operating profit for the three months to end-June totalled 94.38 billion yen ($676.90 million)
Toyota supplier Denso posts 48% rise in Q1 profit The major manufacturer of automotive parts and chips said operating profit totalled 94.38 billion yen ($678 million) in the three months to end-June. About half of Denso's revenue comes from the Toyota group, which also includes Toyota truck unit Hino Motors.
Cybersecurity Nightmare in Japan Is Everyone Else’s Problem Too Last year, manufacturers Fujimi, Denso, Nichirin and TB Kawashima experienced cyberattacks. Japan asks companies that provide critical infrastructure to report any cybersecurity incidents. Over a thousand companies fall under this category and a total of 407 reports were made in 2021.
Automotive Diagnostic Scan Tools Market worth $41.4 billion by 2026 – Exclusive Report by MarketsandMarkets™ The passenger car segment is anticipated to hold the largest share of the Automotive diagnostic scan tools market. Wi-Fi is one of the upcoming technologies in vehicle diagnostics. Battery analyzers have gained significant importance with the increase in vehicle electrification in automobiles. Robert Bosch GmbH, Siemens, Continental AG, Denso (Japan), Snap-on (US) among others.
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