Tag Archives: denso

Ride and Cost Sharing: Toyota, DENSO and SoftBank Vision Fund Invest $1 Billion in Uber’s Advanced Technologies Group

The investment, in a newly formed ATG corporate entity, aims to accelerate the development and commercialization of automated ridesharing services. Under the terms, Toyota and DENSO will together invest $667 million and SVF will invest $333 million, valuing the new Uber ATG entity at $7.25 billion on a post-money basis. Continue reading

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Toyota and DENSO Fusing Electronic Component Operations

Initial discussions focused on consolidation of production operations by the end of 2019, and development functions from 2022, but in order to ensure a smooth transfer and to create the new structure faster, both companies agreed to consolidate both development and production in April 2020. Continue reading

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DENSO to Invest $75.5 Million in Michigan and Ohio

“Expanding our team and resources now will help us make a future of autonomous cars and advanced electric vehicles possible,” said Kenichiro Ito, chairman of DENSO’s North America Board of Directors. Continue reading

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Denso Exec Guilty for Obstructing Parts Price Fixing Probe

Kazuaki Fujitani, once a director of Denso in Japan will serve one year and one day in a U.S. prison instead of the maximum price fixing penalty of 20 years in prison and a criminal fine of $250,000 for individuals. Continue reading

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Two Denso Executives Plead Guilty to Price Fixing

The plea bargain entered appears to be just that, a bargain for the criminals. Continue reading

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Another DENSO Exec Guilty of Price Fixing and Bid Rigging

According to the latest charge, Hattori participated in the conspiracy from at least as early as July 2005, until at least July 2008. During the conspiracy, Hattori was an assistant manager in the Toyota Sales Division at DENSO from July 2005 until December 2006, and a manager in the Toyota Sales Division from December 2006 until at least July 2008. Continue reading

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DENSO Exec Pleads Guilty to Price Fixing on Auto Parts

The plea agreement, which is subject to court approval, requires Imai serve one year and one day in a U.S. prison, to pay a $20,000 criminal fine and to cooperate with the department’s ongoing investigation. Imai is charged with price fixing in violation of the Sherman Act, which normally carries a maximum sentence of 10 years in prison and a $1 million or greater criminal fine for individuals. Continue reading

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Japanese Suppliers Yazaki, Denso Plead Guilty of Price Fixing

The two-year price fixing sentences would be the longest imprisonment imposed on a foreign national for a Sherman Act antitrust violation. The fine amounts and prison sentences are subject to court approval and the potential influence of the U.S. State Department, which based on previous actions, cares little – if at all – in my opinion about competitive aspects of the U.S. auto industry or its effects on workers and the U.S. economy. In fact it can be argued that since the end of World War Two, State has actively pursued policies that strengthen offshore competitors of U.S. firms at the expense of the U.S. middle class. Continue reading

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Toyota Adds Wrong-Way Driving Alert to Navigation Systems

In theory there is no reason why Japan’s largest automaker could not expand the use of the wrong-way driving alert to the U.S. and other large markets, where Toyota is struggling with a damaged safety reputation from stuck gas pedals and unintended acceleration recalls. Continue reading

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