Denso

Toyota trimming Denso stake may raise some US$1.9 billion for EV shift

Toyota Motor and its affiliated suppliers will cut their shareholdings in electric parts maker Denso, freeing up money that can be used to fund their shift to electric vehicles.

Toyota Motor’s portion of the sale will represent short of half of the roughly 10 per cent, with Toyota Industries and Aisin making up the remainder.

Companies & Markets

Toyota group plans US$4.7 billion sale of Denso stake as electric pivot looms

Toyota Motor and two affiliates plan to sell about 10 per cent of components maker Denso by year-end, a stake likely worth about US$4.7 billion, sources familiar with the matter said.

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