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Denso Corp. ADR (DNZOY)

- OTCPK - Current
  • 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.
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  • 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.
    • Related Stocks: OTCQX:VLKAY, OTCPK:FIATY, OTCPK:DDAIY, TTM, TM, HMC, OTCPK:NSANY, OTCPK:HTHIY, OTCPK:SSUMY, OTCPK:MIELY, OTCPK:JTEKY, OTCPK:DNZOY
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  • 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.
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  • 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.
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Company Description
Denso and its subsidiaries are engaged in the manufacture and sale of automobile electronic and electrical parts and other components. Co.'s principal business segments are automotive including thermal systems, power train control systems, electronic systems, electric systems, small motors, and... More
Country: Japan