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JAPAN: Denso to cut US investment

By just-auto.com editorial team | 20 December 2000

Climate control and cooling system supplier Denso has decided to limit facility investment and employment in North America, according to Japanese Automobile News.

The move is in response to a 9 percent decrease in production at DaimlerChrysler between January and November this year and Denso expects further cuts next year.

DaimlerChrysler, with a 6.5% share, is Denso's third largest customer after Toyota (49%) and Honda (7%) and Denso earns about 30 percent of its consolidated operating profit in North America.