Japanese auto supply giant Denso announced plans Friday to invest $1 billion to expand its US operations to focus on technology for automotive safety and electric vehicles.
The investment is expected to create 1,000 new jobs at Denso's facility in Tennessee, according to the company.
"This is an investment in the future of Denso, and also the future of transportation.Read more
Japanese auto giant Toyota said Thursday it was teaming up with Mazda and parts-maker Denso in a new joint venture to develop electric vehicles.
The move came as Toyota, producer of bestselling hybrid vehicle Prius, steps up efforts to develop clean technologies, including electric vehicles and plug-in hybrid systems that use both petrol and electricity as energy sources.
Joint researchRead more