Denso Investing $1 Billion in US Electrified and Autonomous Vehicle Supply

By Ray Prince Automotive supplier Denso has announced it will invest $1 billion toward the future of electrified and autonomous vehicles.
The money will be used to expand manufacturing operations at a Maryville, Tenn. plant that specializes in electrification and safety systems.
Denso supplies Detroit automakers and Japanese brands.
Several production lines in its factory will grow and the move is expected to produce 1,000 new jobs filled by technical, production, engineering, and other support positions. The funds comprise a significant yet small portion of Denso’s global sales for the 2016-2017 fiscal year of $40.4 billion with 8.8 percent of it going towards research

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