TOKYO -- Toyota Group companies plan to cut their holdings in supplier Denso by selling about 10 percent of the company by year-end in a share sale likely worth around $4.7 billion, two sources familiar with the matter said.
TOKYO -- Toyota Group companies plan to cut their holdings in supplier Denso by selling about 10 percent of the company by year-end in a share sale likely worth around $4.7 billion, two sources familiar with the matter said.
The cuts amount to roughly 5% of the automaker’s connected-vehicle software team, which is under the purview of Doug Field, Ford’s chief EV, digital and design officer.