Denso Corp. ADROTCPK - Current
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  • Fri, Sep. 9, 8:59 AM
    • Denso Corp. (OTCPK:DNZOF, OTCPK:DNZOY) strikes a deal to take a 51% stake in Fujitsu Ten (OTC:FJTSF). The company already held a smaller position in Fujitso.
    • Fujitso Ten is a leading maker of radar systems used to advance self-driving car technology.
    • Toyota (NYSE:TM) owns just over a third of Fujitso and has a close relationship with Denso.
    • Specific terms of the deal weren't disclosed.
    | Fri, Sep. 9, 8:59 AM
  • Fri, Jul. 29, 10:04 AM
    | Fri, Jul. 29, 10:04 AM
  • Oct. 29, 2015, 7:03 AM
    • Toyota (NYSE:TM) steered away from the Japanese supplier network for an important component of the new Corolla model in what could be a critical development for the automobile supplier industry.
    • The automaker picked German firm Continental (OTC:CTTAF) over Denso (OTCPK:DNZOF, OTCPK:DNZOY).
    • The Japanese business style called keiretsu (tight control) has held back innovation in the opinion of some experts.
    • Related stocks: HMC, OTCPK:MZDAY, OTCPK:NSANY.
    | Oct. 29, 2015, 7:03 AM | 1 Comment
  • Apr. 3, 2015, 8:57 AM
    • Toyota (NYSE:TM) is set to spend $1.25B on new plants in China and Mexico, sources tell the Wall Street Journal.
    • The plants would be the first new production facilities for the Japanese automaker since 2012 after it shifted to a more conservative stance.
    • Additional capacity from the new Toyota plants could total several hundred thousand vehicles per year to start and tip off a new philosophy.
    • Toyota is expected to keep producing vehicles at a +10M unit annual pace for the next few years even before any new plants come online.
    • Denso Corp. (OTCPK:DNZOF, OTCPK:DNZOY) and Toyota Boshuku (OTC:TDBOF, OTCPK:TDBOY)  are major suppliers to Toyota and could see a lift from the boost in capacity. Both firms are backed by Toyota Group.
    • Other suppliers to Toyota include Tenneco (NYSE:TEN), Dana Holdings (NYSE:DAN), Magna International (NYSE:MGA), and BorgWarner (NYSE:BWA) to name just a few.
    | Apr. 3, 2015, 8:57 AM | 1 Comment
  • Nov. 26, 2014, 11:16 AM
    • Delphi's (DLPH -0.2%)sale of its air conditioning business, Delphi Thermo, is being complicated by potential problems with one its South Korean JV partners, Reuters reports.
    • Delphi's business has caught the eye of France's Valeo (OTCPK:VLEEY -0.2%), Germany's Mahle and Japan's Denso (OTCPK:DNZOY -0.1%) and a sale could fetch more than $700M.
    • The potential problems stem from the fact that Erae (a company which Delphi holds a JV with called Kdac) has also expressed interest in the business but is being sidelined from the process.
    • Delphi's Thermal Systems unit posted adjusted EBITDA of $80M on sales of $1.5B in 2013.
    | Nov. 26, 2014, 11:16 AM
  • Sep. 2, 2014, 3:03 AM
    • The European trade body in China has dismissed reports stating Beijing was planning to require foreign auto parts suppliers in the country to form local joint ventures.
    • The rumors surfaced as Chinese regulators cracked down on the country's auto industry, seeking to enforce a 2008 antitrust law.
    • Last month, China issued $201M in fines against 12 Japanese companies for manipulating prices, while many foreign automakers have lowered their spare parts prices to appease local regulators.
    | Sep. 2, 2014, 3:03 AM
  • Aug. 20, 2014, 3:10 AM
    • China's anti-monopoly regulator has issued fines against 12 Japanese companies for colluding over prices of auto parts and bearings.
    • The penalties total 1.2B yuan ($201.8M) and fine companies including Hitachi (OTCPK:HTHIY), Sumitomo (OTCPK:SSUMY), Mitsubishi Electric (OTCPK:MIELY), Jtekt (OTCPK:JTEKY) and Denso (OTCPK:DNZOY).
    • China has been increasing its efforts to bring companies into compliance with an anti-monopoly law enacted in 2008, and has recently taken aim at the country's auto sector.
    | Aug. 20, 2014, 3:10 AM
  • May 20, 2014, 11:09 AM
    • Toyota (TM -0.4%) and Japanese part maker Denso Corp. (DNZOF, DNZOY) say they developed a chip that could improve fuel efficiency in hybrids by as much as 10%.
    • A silicon carbide chip designed by the companies is targeted to dramatically reduce current loss.
    • If the chip performs as advertised, Toyota could broaden the type of cars that could be equipped with a hybrid system.
    | May 20, 2014, 11:09 AM