|Bid||30.80 x 30000|
|Ask||32.20 x 30000|
|Day's Range||31.00 - 32.20|
|52 Week Range||25.20 - 42.00|
|Beta (5Y Monthly)||1.33|
|PE Ratio (TTM)||9.87|
|Forward Dividend & Yield||1.17 (3.81%)|
|Ex-Dividend Date||Mar 30, 2020|
|1y Target Est||N/A|
A group of 52 auto parts manufacturers has agreed to pay California $23 million as part of a decade-old investigation into antitrust law violations stemming from illegal bid rigging, the state said on Wednesday. Following an investigation by the U.S. Justice Department that began about 10 years ago, 46 companies agreed to pay a total of nearly $3 billion in fines while pleading guilty to price-fixing and bid-rigging in the auto parts industry.
With India's auto sales declining for the ninth straight month in July, more automotive manufacturers are laying off workers and temporarily halting production to keep costs in check, according to sources and documents seen by Reuters. Japanese carmaker Toyota Motor and South Korea's Hyundai Motor are the latest in a string of companies to briefly halt some parts of production at plants to combat slumping sales, according to company memos to employees, reviewed by Reuters. The sales declines have triggered major job cuts in India's auto sector, with many companies forced to shut down factories for days and axe shifts.
Toyota is getting into the semiconductor business, partnering with auto supplier Denso to form a new company focused on chip manufacture.
Toyota Motor Corp and auto-parts maker Denso Corp on Wednesday said they have agreed to set up a joint venture to develop next-generation automotive semiconductors as the industry moves toward connected and autonomous vehicles. Denso, a Toyota Group supplier, will own 51% of the new company, with Toyota holding the remainder, the companies said in a joint statement. The venture will focus on components such as power modules for electric vehicles and periphery monitoring sensors for automated vehicles.
Tokyo-based auto components supplier Denso has taken a stake in Bond Mobility, an e-bike sharing company based in California and Switzerland. Denso's new mobility group and another company, Ininvest Global, led a $20 million Series A funding round, according to a news release. Denso's corporate venture capital group under its Southfield-based North American subsidiary Denso International America negotiated the investment terms.
Uber has confirmed it will spin out its self-driving car business after the unit closed $1 billion in funding from Toyota, auto-parts maker Denso and SoftBank's Vision Fund. The development has been speculated for some time -- as far back as October -- and it serves to both remove a deeply unprofitable unit from the main Uber business, helping Uber scale back some of its losses, while giving Uber's Advanced Technologies Group (known as Uber ATG) more freedom to focus on the tough challenge of bringing autonomous vehicles to market.
TOKYO (AP) — Japan's top automaker Toyota, auto parts maker Denso and internet company SoftBank's investment fund are investing $1 billion in car-sharing Uber's technology unit.
SoftBank, Toyota Motor Corp and Japanese auto-parts supplier Denso Corp are expected to invest a total of $1 billion as part of the deal, which could be announced in the next few days, the report said. SoftBank closed its $8 billion investment in Uber in January 2018, which gave it a 16 percent stake in the ride-hailing company and made it the largest shareholder. SoftBank and automaker Honda Motor Co have invested a total of $5 billion for acquiring separate minority stakes in Cruise.
Uber Technologies Inc (IPO-UBER.N) is nearing a deal with a group, including SoftBank Group Corp , to invest in its self-driving car unit to be valued at $7.25 billion, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. SoftBank, Toyota Motor Corp and Japanese auto-parts supplier Denso Corp are expected to invest a total of $1 billion as part of the deal, which could be announced in the next few days, the report said.