Denso Corp. ADR(DNZOY)- OTCPK - Current
  • 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
  • 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