Denso to target rise in profit in 2010-2011
Date:2009-12-10 Author:Michale Source:Chinatrucks.com
(chinatrucks.com, Dec.10, 2009)Japan's largest supplier of car parts, Denso Corp., will aim to increase its profits in 2010-2011 although its revenue may dip due to the strength of the yen, managing director Sadahiro Usui told Reuters in an interview.
Usui added that the company would consider raising overseas purchasing and production to help cut its foreign exchange exposure.
Toyota Motor Corp., the world's biggest carmaker, holds a 22.5 percent stake in Denso.
Denso ranks No. 2 on the Automotive News list of the top 100 global suppliers, with sales to automakers of $27.76 billion in 2008.
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