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Denso is spending $1 billion on a 30-year-old plant in east Tennessee. Here's why.
Toyota said it reached an agreement with Denso, its main supplier, to consolidate all core electronics component operations of both companies within Denso.
Denso's net income jumped 24 percent to $3.02 billion in the just-ended fiscal year, on rising vehicle production levels around the globe and cost-cutting efforts.
Denso, an affiliate to Toyota, is buying an additional 4.5 percent stake in chipmaker Renesas in a deal worth nearly $800 million based on market prices.
Toyota Motor Corp. and two of its top suppliers will spend $2.8 billion to start a company that creates software to run self-driving cars.
Toyota and its top two suppliers said they will plow $2.8 billion into a new company to create the software that runs self-driving cars.
Denso has upped its capital spending in East Tennessee to boost U.S. production of fuel pump and gas injectors.
Nobuaki Katoh, who led Denso through a recession and the 2011 earthquake and tsunami, is stepping down as chairman of the world's fourth-largest parts supplier.
Supplier executives say the drive toward electrification and autonomous vehicles is going to change nearly every aspect of their businesses.
Japanese supplier Denso has taken a position in Ridecell, a third-party producer of ride-sharing platforms. The companies did not reveal the amount of Denso's investment.
BlackBerry has teamed with automotive supplier Denso to streamline and consolidate complex instrument clusters and infotainment systems, which they say will lower costs for automakers.
Japanese giant supplier Denso has jumped to put EV and autonomous parts into production in Tennessee to prepare for the coming wave of planned vehicles.
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