Denso may sell some ICE-related operations to Niterra


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Niterra, formerly NGK Spark Plug, “expects the continued demand for internal combustion engines parts. The entire industry requires responses corresponding to short, medium, and long-term stages. Consequently, the Company has reached a basic agreement to start discussions and considerations for the acquisition, to consider how to sustain the supply of internal combustion engines parts,” according to a statement from the company.

Both companies have operations in North America, but it is not yet clear how the transfer will affect those operations.

Denso ranks No. 2 on the Automotive News list of the top 100 global suppliers with estimated worldwide sales to automakers of $47.9 billion in 2022, with about $11.26 billion of that in North America.

Niterra ranks No. 80 on that same list, with estimated worldwide sales to automakers of $2.7 billion in 2022 — with about $676 million in North America, according to Automotive News data.

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Lisa Holden
Lisa Holden
Lisa Holden is a news writer for LinkDaddy News. She writes health, sport, tech, and more. Some of her favorite topics include the latest trends in fitness and wellness, the best ways to use technology to improve your life, and the latest developments in medical research.

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