Denso Corp. will invest $US25 million to start a new company in Vigo, Spain, to produce products related to car air conditioners and radiators, beginning in April 2006, according to the Detroit News.

The new company will be called Denso Sistemas Termicos Espana SA and, by 2010, Denso expects sales of about $US120 million to customers including PSA Peugeot-Citroen and other companies making vehicles in Spain, the report said.