Toyota group plans $4.7b sale of Denso stake amid EV push

Toyota group plans $4.7b sale of Denso stake amid EV push

A Toyota Logo is seen at a Toyota dealership in Zaventem, Belgium, November 25, 2022. REUTERS/Johanna Geron/File Photo

Toyota Motor and two affiliates plan to sell about 10% of components maker Denso by year-end, a stake likely worth about $4.7 billion, sources familiar with the matter said.

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