Although Denso is no longer in a net cash position, in fiscal 2023 net debt/EBITDA remained low at 0.2. Since 2012, the company has been able to self-fund its investments through its cash flow from ...
The biggest surprise of all is that the merger is not a new idea. According to a 2020 Financial Times report, Japanese government officials suggested a merger of the two automakers in 2019. At the ...