Toyota plans $4.7B sale of Denso stake as EV pivot looms

#1

Post by PaulHoule » Mon, Dec 04, 2023, 11:04 PM UTC

Toyota plans $4.7B sale of Denso stake as EV pivot looms
japantimes.co.jp

Re: Toyota plans $4.7B sale of Denso stake as EV pivot looms

#2

Post by 1-6 » Mon, Dec 04, 2023, 11:26 PM UTC

Ploy twist: Denso becomes its own car company that manufactures traditional cars.

Re: Toyota plans $4.7B sale of Denso stake as EV pivot looms

#3

Post by didip » Mon, Dec 04, 2023, 11:59 PM UTC

Weird, Denso already manufactures many EV components. Why would Toyota sell their stocks?

Re: Toyota plans $4.7B sale of Denso stake as EV pivot looms

#4

Post by TerrifiedMouse » Tue, Dec 05, 2023, 12:32 AM UTC

didip wrote: post #3

Weird, Denso already manufactures many EV components. Why would Toyota sell their stocks?

This is mainly to raise capital - according to the article Toyota will still be the largest shareholder after unwinding some of its holdings.

Re: Toyota plans $4.7B sale of Denso stake as EV pivot looms

#5

Post by rasz » Tue, Dec 05, 2023, 12:52 AM UTC

1-6 wrote: post #2

Ploy twist: Denso becomes its own car company that manufactures traditional cars.

Real plot twist: Without Toyota over their heads Denso goes all in on EVs.

Re: Toyota plans $4.7B sale of Denso stake as EV pivot looms

#6

Post by xattt » Tue, Dec 05, 2023, 1:06 AM UTC

rasz wrote: post #5

1-6 wrote: post #2

Ploy twist: Denso becomes its own car company that manufactures traditional cars.

Real plot twist: Without Toyota over their heads Denso goes all in on EVs.

Inception twist: Denso buys Toyota after EV success.

Re: Toyota plans $4.7B sale of Denso stake as EV pivot looms

#7

Post by ethanbond » Tue, Dec 05, 2023, 1:59 AM UTC

I thought Toyota was specifically pursuing a hybrid strategy (i.e. avoiding pure EV)? Did something change?

Re: Toyota plans $4.7B sale of Denso stake as EV pivot looms

#8

Post by vlovich123 » Tue, Dec 05, 2023, 3:13 AM UTC

It’s a shame that all these EVS on the road (except for in France) are still likely being powered by fossil fuels.

Re: Toyota plans $4.7B sale of Denso stake as EV pivot looms

#9

Post by kissingerlives » Tue, Dec 05, 2023, 3:19 AM UTC

xattt wrote: post #6

rasz wrote: post #5

Earlier quoted context omitted.

Real plot twist: Without Toyota over their heads Denso goes all in on EVs.

Inception twist: Denso buys Toyota after EV success.

[flagged]

Re: Toyota plans $4.7B sale of Denso stake as EV pivot looms

#10

Post by kalleboo » Tue, Dec 05, 2023, 3:27 AM UTC

ethanbond wrote: post #7

I thought Toyota was specifically pursuing a hybrid strategy (i.e. avoiding pure EV)? Did something change?

It looks like they're finally coming to the realization that that won't cut it https://mainichi.jp/english/articles/20231204/p2g/00m/0bu/01...