Denso makes strategic autonomous driving play

Sep. 09, 2016 8:59 AM ETDENSO Corporation (DNZOF)TM, DNZOY, DNZOF, FJTSFBy: Clark Schultz, SA News Editor
  • Denso Corp. (OTCPK:DNZOF, OTCPK:DNZOY) strikes a deal to take a 51% stake in Fujitsu Ten (OTCPK: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.

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