Exclusive: Toyota group companies plan $4.7 billion sale of Denso stake
www.reuters.com
Toyota Motor and two affiliates plan to sell about 10% of components maker Denso by year-end, a stake likely worth about $4.7 billion, sources familiar with the matter said.
  • glgbnafdeux@alien.topBEnglish
    1·
    11 months ago

    All of these legacy automotive suppliers will only lose value in the years to come. This is Toyota talking out of both sides of their mouth, anti-EV on one hand, making financial moves based on an EV future in on the other.