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.
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.
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.
^ Clearly didn’t read the article