4 days ago
Japan's Denso nears deal to sell spark plug ops to market leader Niterra
Niterra would have a 60% global market share if the deal is completed. (Source photos by Nikkei)
MASAKI ISHIHARA and RYO ASAYAMA
NAGOYA, Japan -- Japanese auto parts supplier Denso appears set to reach a long-sought agreement to sell its spark plug operations to domestic rival Niterra, Nikkei learned Friday, as industry players restructure to balance the rise of electric vehicles and continued popularity of internal combustion engine cars including hybrids.
