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.

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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.