DENSO Begins Business Transfer Negotiations for Selected Product Operations
KARIYA, JAPAN, July 10, 2023 - (JCN Newswire) - DENSO Corporation today announced that it has concluded a memorandum of understanding ("MOU") on starting negotiations for the transfer of selected internal combustion engine parts operations to Niterra Co., Ltd.
- KARIYA, JAPAN, July 10, 2023 - (JCN Newswire) - DENSO Corporation today announced that it has concluded a memorandum of understanding ("MOU") on starting negotiations for the transfer of selected internal combustion engine parts operations to Niterra Co., Ltd.
- The two parties reached a decision to sign the MOU during a board of directors meeting on July 10, 2023.
- In the process of achieving carbon neutrality, electrification is picking up pace throughout the auto industry.
- The transfer will take place only after official approval has been obtained from competition law authorities in all countries and regions concerned, and after fulfilling all other requirements.