Denso to Sell Stakes in Four Auto Filter Units to Toyota Boshoku

MT Newswires Live

Oct 16

Denso (TYO:6902) will sell its 20% stakes in four engine air filter manufacturers in China, Poland and the US to Toyota Boshoku (TYO:3116) by year-end, Nikkei reported Thursday.

The deal, estimated at several billion yen, marks another step in Denso's shift away from gasoline vehicle components toward electrification. Denso will retain filter sales and servicing operations, while Toyota Boshoku will take over production, according to the report.

The move is expected to strengthen Toyota Boshoku's competitiveness and boost orders beyond the Toyota group (TYO:7203), the report said.

Denso has been streamlining combustion-related businesses, having sold its fuel pump module unit to Aisan Industry in 2022 and agreed to transfer its spark plug operations to Niterra this year, according to the report.

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Denso will retain filter sales and servicing operations, while <a href=\"https://laohu8.com/S/TDBOY\">Toyota Boshoku</a> will take over production, according to the report.</p><p>The move is expected to strengthen Toyota Boshoku's competitiveness and boost orders beyond the Toyota group (TYO:7203), the report said.</p><p>Denso has been streamlining combustion-related businesses, having sold its fuel pump module unit to Aisan Industry in 2022 and agreed to transfer its spark plug operations to Niterra this year, according to the report.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TM","symbol_name":"丰田汽车","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2575076720","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2575076720","pubTimestamp":1760583524,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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Denso will retain filter sales and servicing operations, while Toyota Boshoku will take over production, according to the report.The move is expected to strengthen Toyota Boshoku's competitiveness and boost orders beyond the Toyota group , the report said.Denso has been streamlining combustion-related businesses, having sold its fuel pump module unit to Aisan Industry in 2022 and agreed to transfer its spark plug operations to Niterra this year, according to the report.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"TM":"丰田汽车","BK4585":"ETF&股票定投概念","BK4555":"新能源车","BK4099":"汽车制造商","BK4588":"碎股","03160":"华夏日股对冲","BK4604":"机器人概念"},"translate_title":"电装将向丰田纺织出售四个汽车滤清器装置的股份","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"03160":0.6,"TM":1.5},"content_text":"Denso (TYO:6902) will sell its 20% stakes in four engine air filter manufacturers in China, Poland and the US to Toyota Boshoku (TYO:3116) by year-end, Nikkei reported Thursday.The deal, estimated at several billion yen, marks another step in Denso's shift away from gasoline vehicle components toward electrification. Denso will retain filter sales and servicing operations, while Toyota Boshoku will take over production, according to the report.The move is expected to strengthen Toyota Boshoku's competitiveness and boost orders beyond the Toyota group (TYO:7203), the report said.Denso has been streamlining combustion-related businesses, having sold its fuel pump module unit to Aisan Industry in 2022 and agreed to transfer its spark plug operations to Niterra this year, according to the report.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}