29
Nov
06:41
Toyota to cash out stake in Denso for EV business: report
Japanese automaker Toyota has reportedly decided to sell a portion of its stake in its largest automotive component supplier Denso to secure more funds for its electric vehicle business and improve asset efficiency.
According to Nikkei Asia, Toyota Motor and its affiliations plan to sell about 10%, which is worth approximately JPY 700 billion ($4.7 billion), of the total shares in Denso. The idea is to free up funds for quicker EV investments.
Kallanish…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous