에 대한 최신 뉴스 Denso (OTC:DNZOY) 주식

Denso

Denso manufactures and sells mainly automotive components and systems. The company was founded in 1949 as a result of becoming independent from Toyota Motor, which is currently the largest shareholder. Its main businesses are powertrain control systems, thermal systems, electrification systems, mobility electronics, and sensors/semiconductor systems. The company operates globally and is headquartered in Kariya, Japan.

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대만 반도체 제조(NYSE:TSM)의 첫 번째 공장이 일본 구마모토에 세워지고 있으며, 2024년 말까지 상업화될 예정이다. 소니 그룹(NYSE:SONY)과 덴소(OTC:DNZOF)(OTC:DNZOY)가 대만 계약 칩 제조업체의 초기 고객이 될 것이라고 대만 반도체의 일본 자회사( JASM)의 사장인 호리타 유이치를 인용해 테크노드(Technode)가 보도했다.

대만 반도체 제조(TSMC), 일본 시장 확장: 소니와 덴소가 최초 고객 중 하나

Toyota Photo by RYO Alexandre on Shutterstock

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미쓰비시 UFJ 파이낸셜 그룹(NYSE:MUFG)과 미쓰이 스미토모 파이낸셜 그룹(NYSE:SMFG)은 토요타 자동차(NYSE:TM)의 전략적 지분 약 1조 3,200억 엔(85억 달러)을 매각할 예정인 것으로 알려졌다. 이러한 대규모 움직임은 일본의 주요 기업들이 광범위한 상호보유 주식 네트워크를 해체하겠다는 강력한 의지를 나타낸다. 이러한 전략적 청산은 ​​토요타의 주가에 대한 부정적인 영향을 완화하기 위해 고안되었다고 블룸버그가 보도했다.

일본 메가 은행들은 $8.5억 달러 규모의 토요타 주식 매각 계획 중: 보도

Denso Corp

ON Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>) will release its fourth-quarter financial results before the <a href="https://www.benzinga.com/quote/on/earnings">opening bell on Monday, Feb. 10.</a>
Analysts expect the Scottsdale, Arizona-based company to report quarterly earnings at 97 cents per share, down from $1.25 per share in the year-ago period. ON Semiconductor projects quarterly revenue of $1.76 billion, compared to $2.02 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Dec. 17, 2024, ON Semiconductor and tier-one automotive supplier Denso Corp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/DNZOF#OTC">DNZOF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/DNZOY#OTC">DNZOY</a>) announced that they are strengthening their long-term relationship to support the procurement of autonomous driving (AD) and advanced driver assistance systems (ADAS) technologies..
ON Semiconductor shares gained 1.4% to close at $52.44 on Thursday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/ON/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Morgan Stanley analyst Joseph Moore maintained an Underweight rating and cut the price target from $64 to $52 on Feb. 4, 2025. This analyst has an accuracy rate of 71%.</li>
<li>UBS analyst Pradeep Ramani maintained a Neutral rating and cut the price target from $72 to $65 on Feb. 3, 2025. This analyst has an accuracy rate of 65%.</li>
<li>Susquehanna analyst Christopher Rolland maintained a Positive rating and lowered the price target from $80 to $70 on Jan. 22, 2025. This analyst has an accuracy rate of 75%.</li>
<li>Keybanc analyst John Vinh maintained an Overweight rating and cut the price target from $90 to $70 on Jan. 14, 2025. This analyst has an accuracy rate of 73%.</li>
<li>Goldman Sachs analyst Toshiya Hari maintained a Buy rating and slashed the price target from $92 to $77 on Jan. 10, 2025. This analyst has an accuracy rate of 81%.</li>
</ul>
Considering buying ON stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="618" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/07025604/image-60-1024x618.png" alt="" class="wp-image-771005" style="width:539px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/07025604/image-60-1024x618.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/07025604/image-60-300x181.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/07025604/image-60-768x463.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/07025604/image-60.png 1106w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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</ul>

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ON Semiconductor Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Taiwan Semiconductor Manufacturing Co&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) <a target="_blank" href="https://www.benzinga.com/government/24/08/40554768/taiwan-semiconductor-ramps-up-overseas-investments-with-1-95b-in-subsidies-eyes-long-term-growth" rel="noreferrer noopener">debut plant in</a> Kumamoto, Japan, will start commercializing by the end of 2024.
Sony Group Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>) and Denso Corp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/DNZOF#OTC">DNZOF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/DNZOY#OTC">DNZOY</a>) will be the Taiwanese contract chipmaker&#8217;s initial customers, Technode <a target="_blank" href="https://technode.com/2024/12/19/tsmcs-kumamoto-plant-to-supply-initial-output-to-sony-and-denso/" rel="noreferrer noopener">cited</a> JASM (Taiwan Semiconductor&#8217;s Japanese subsidiary) President Yuichi Horita from a Taiwanese media outlet.
Horita expects Taiwan Semiconductor&#8217;s production line in Japan to align with the quality of those in Taiwan.
The first Kumamoto plant focuses on 22 nm,28 nm, 12 nm, and 16nm processes, while the second will produce 6 nm and 7nm process chips, as planned.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/emerging-markets/24/12/42552200/sony-semiconductor-hits-20-billion-image-sensor-shipments-plans-expansion" rel="noreferrer noopener">Sony Semiconductor Hits 20 Billion Image Sensor Shipments, Plans Expansion</a>
Construction of the second Kumamoto plant will likely begin in the first quarter of 2025, with mass production scheduled by the end of 2027.
The combined monthly production capacity of the two plants will likely exceed 100,000 wafers.
The Japanese government <a target="_blank" href="https://www.benzinga.com/government/regulations/24/11/41939018/japan-increases-semiconductor-funding-as-us-trade-policies-pressure-taiwan-semiconductor" rel="noreferrer noopener">earmarked over $64.9 billion</a> to consolidate its semiconductor and artificial intelligence (AI) positions, taking a cue from the U.S. and China. Taiwan Semiconductor&#8217;s Arizona fab, worth $20 billion, will produce <a target="_blank" href="https://www.benzinga.com/media/24/12/42514266/taiwan-semiconductor-unveils-20-billion-arizona-chip-fab-apple-named-key-customer" rel="noreferrer noopener">4-nanometer chips by 2025</a>.
Currently, 92% of the most advanced chips are made in Taiwan.
Japan&#8217;s semiconductor package totals over 10 trillion yen and aims to drive public and private investment of over 50 trillion yen by fiscal 2030.
Taiwan Semiconductor is eyeing a second facility in Japan&#8217;s Kumamoto, following its initial $8.6 billion wafer factory in the region. The company plans to invest $13.5 billion in the project.
The chipmaker is also plotting a third high-tech chip production facility worth $20 billion in Kumamoto to manufacture 3 nm chips.
Taiwan Semiconductor chair and CEO&nbsp;C.C. Wei <a target="_blank" href="https://www.benzinga.com/24/12/42507816/taiwan-semiconductor-ceo-highlights-ai-powered-drones-next-gen-robots-as-growth-drivers" rel="noreferrer noopener">expects advanced robots</a> and AI-powered drones to be key growth drivers.
Taiwan Semiconductor stock surged 92% year-to-date.
Investors can gain exposure to the semiconductor sector through VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>) and iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>).
Price Action: TSM stock closed higher by 1.32% to $197.21 on Friday.
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<li><a href="https://www.benzinga.com/media/24/12/42554393/disneys-marvel-rivals-game-hits-20-million-players-proves-superhero-power-still-reigns" target="_blank" rel="noreferrer noopener">Disney&#8217;s Marvel Rivals Game Hits 20 Million Players, Proves Superhero Power Still Reigns</a></li>
</ul>
Photo by Sundry Photography on Shutterstock

Taiwan Semiconductor Expands in Japan: Sony and Denso Among First Customers

On Tuesday, ON Semiconductor Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>) and tier-one automotive supplier Denso Corp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/DNZOF#OTC">DNZOF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/DNZOY#OTC">DNZOY</a>) announced that they are strengthening their long-term relationship to support the procurement of autonomous driving (AD) and <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/b42522062/onsemi-and-denso-collaborate-for-a-strengthened-relationship" rel="noreferrer noopener">advanced driver assistance systems (ADAS) technologies</a>.
ON Semiconductor has supplied Denso with the latest intelligent automotive sensors to enhance ADAS and AD performance for over a decade.
These semiconductors have become increasingly vital in improving vehicle intelligence, including connectivity, to help reduce traffic accident fatalities.
Also Read: <a target="_blank" href="https://www.benzinga.com/24/12/42520765/super-micro-drops-below-50-day-average-faces-nasdaq-100-removal-just-months-after-entry" rel="noreferrer noopener">Super Micro Drops Below 50-Day Average, Faces Nasdaq 100 Removal Just Months After Entry</a>
Denso President Shinnosuke Hayashi emphasized the importance of a strong supply chain for critical materials like semiconductors, noting that Denso, the world&#8217;s second-largest supplier of automotive systems and parts, relies on this to deliver innovative products to customers.
He highlighted the need for collaboration with industry leaders like ON Semiconductor, which has advanced vehicle safety and autonomy through intelligent sensing technologies while providing reliable supply assurance.
Denso intends to acquire ON Semiconductor stock on the open market as a mark of their collaboration.
Bank of America analyst Vivek Arya identified ON Semiconductor among his top picks for 2025, projecting a <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42516826/nvidia-and-5-other-stocks-are-analysts-top-semiconductor-picks-for-2025-sees-2-ai-trends" rel="noreferrer noopener">recovery from cyclical trends</a>. He expects the automotive and industrial sectors to drive significant semiconductor demand in the latter half of the year.
Arya anticipates that in the first half of 2025, investments in artificial intelligence (AI) will continue to surge, driven by AI training and model scaling. He notes that cloud customers will likely accelerate the deployment of Nvidia Corp&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) Blackwell architecture during this period.
Regarding the CHIPS Act, Arya expects the legislation, enacted under President Joe Biden, to remain in effect following President-elect Donald Trump&#8217;s inauguration. He projects that the remaining funding will be distributed in 2025, substantially supporting the U.S. semiconductor industry.
After ON Semiconductor&#8217;s <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41603256/on-semiconductors-q3-solid-analyst-highlight-l-shaped-recovery" rel="noreferrer noopener">third-quarter print</a>, Needham analyst Quinn Bolton projected an L-shaped recovery for the company through the first half of 2025. Datacenter opportunities will gain traction as key design wins ramp up next year.
Goldman Sachs analyst Toshiya Hari, Benchmark analyst David Williams, and JP Morgan analyst Harlan Sur flagged China&#8217;s EV market strength and silicon carbide (SiC) growth.
Investors can gain exposure to stocks of companies that manufacture semiconductors through the VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>) and the iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>).
Price Action: ON stock closed higher by 0.72% at $66.44 on Monday.
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NVDA

ON Semiconductor and Denso Team Up to Boost Self-Driving Tech

Mitsubishi UFJ Financial Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUFG#NYSE">MUFG</a>) and Sumitomo Mitsui Financial Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMFG#NYSE">SMFG</a>) are reportedly set to divest approximately ¥1.32 trillion ($8.5 billion) worth of strategic shareholdings in Toyota Motor Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>).
The major move indicates a strong commitment by Japan&#8217;s major corporations to dismantle their extensive network of cross-held shares. This strategic unwinding is designed to mitigate any adverse effects on Toyota&#8217;s share price, reported <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-06-07/japan-s-top-banks-to-divest-8-5-billion-in-toyota-shareholdings?srnd=phx-deals&amp;sref=TBDibEcD" rel="noreferrer noopener">Bloomberg</a>.
The banks will divest in phases, leveraging Toyota&#8217;s recent buyback initiative. On May 8, Toyota announced a <a target="_blank" href="https://www.benzinga.com/news/24/05/38736508/toyotas-blockbuster-report-amid-the-ev-slowdown-reflect-its-determination-to-catch-up-on-software" rel="noreferrer noopener">¥1 trillion buyback plan</a>, equivalent to about 3% of its stock, marking a substantial increase from previous repurchases.
The Japanese government has long advocated for reducing cross shareholdings, which were established to solidify business alliances.
However, entities like these banks have been slow to act. This substantial divestment by Toyota&#8217;s major stakeholders could catalyze a wider movement toward loosening equity ties in Japan&#8217;s corporate sector.
The Mitsubishi stake is valued at approximately ¥700 billion, while Sumitomo Mitsui holds about ¥620 billion worth of Toyota stock, as per the report.
Also Read: <a target="_blank" href="http://Toyota, Subaru, Mazda Aim For Carbon-Neutral Future In Engine Development: Details" rel="noreferrer noopener">Toyota, Subaru, Mazda Aim For Carbon-Neutral Future In Engine Development: Details</a>
These sales are planned to span several years, reducing or potentially eliminating their stakes in Toyota. Meanwhile, Mizuho Financial Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MFG#NYSE">MFG</a>) does not hold a notable stake in Toyota. The decision follows a notable appreciation in Toyota&#8217;s stock price.
The report also mentioned that some insurers, including MS&amp;AD Insurance Group Holdings Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MSADY#OTC">MSADY</a>), Tokio Marine Holdings Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TKOMY#OTC">TKOMY</a>), and Sompo Holdings Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SMPNY#OTC">SMPNY</a>), hold stakes in Toyota. The total would top ¥3 trillion if they joined the banks.
Toyota itself is also reducing its cross-shareholdings within its network. In November, the company announced it would lower its stake in electric parts manufacturer Denso Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/DNZOY#OTC">DNZOY</a>) to 20% from 24%.
Previously, Toyota committed to selling part of its stake in KDDI Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/KDDIY#OTC">KDDIY</a>) for ¥250 billion. These moves aim to reallocate funds towards Toyota&#8217;s electric vehicle initiatives and buyback programs.
Price Action: TM shares are trading lower by 1.36% at $207.18 at the last check Friday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Photo by RYO Alexandre on Shutterstock

Japanese Mega Banks Plan $8.5B Toyota Stake Sale: Report

Taiwan Semiconductor Manufacturing Co&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) has catalyzed a surge in interest from Taiwanese and Southeast Asian investors looking to tap into&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/asia/24/02/37254196/taiwanese-chip-firms-flock-to-japan-as-china-decoupling-accelerates" rel="noreferrer noopener">Japan&#8217;s semiconductor market</a>, particularly in Kumamoto, known for its semiconductor incentives.&nbsp;
The trend also coincided with the U.S. imposing sanctions on China&#8217;s advancements in cutting-edge semiconductors.
Max Lin, executive vice president at CTBC Bank, Taiwan&#8217;s biggest private bank, noted the burgeoning demand for banking services in Kumamoto, driven by the key&nbsp;Nvidia Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) supplier&#8217;s announcement of its first-ever Japanese chip fabrication plant in the region.&nbsp;
It marked a significant pivot for CTBC Bank, which expanded its operations to downtown Kumamoto to cater to the growing needs of clients involved in the semiconductor boom, from real estate inquiries to lifestyle advice, Nikkei Asia&nbsp;<a target="_blank" href="https://asia.nikkei.com/Business/Business-Spotlight/TSMC-s-Japan-chip-venture-spurs-investment-rush" rel="noreferrer noopener">reports</a>.
Recent reports indicated that TSMC is expanding in Japan with a second factory&nbsp;<a target="_blank" href="https://www.benzinga.com/government/24/02/37032861/tsmc-sets-sights-on-japan-for-next-gen-chip-manufacturing-boosting-global-tech-leadership" rel="noreferrer noopener">for 6-nm chips</a>. The new facility in Kumamoto prefecture will likely be operational by the end of 2027.
The semiconductor industry&#8217;s expansion has turned Japan into an attractive destination for foreign banking expansions, a notable shift given the country&#8217;s previous challenges with negative interest rates deterring such moves.&nbsp;
This change is underscored by the entry of seven other Taiwanese banks into Japan, following TSMC&#8217;s lead.&nbsp;
TSMC&#8217;s Kumamoto plant, poised for mass production by year-end to supply giants like&nbsp;Sony Group Corp&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>) and&nbsp;Denso Corp&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/DNZOF#OTC">DNZOF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/DNZOY#OTC">DNZOY</a>), represents TSMC&#8217;s broader strategy to diversify its manufacturing footprint outside Taiwan in response to geopolitical tensions and the global chip shortage, with ambitious plans for overseas expansion in the U.S., Japan, and Germany.
TSMC&#8217;s foray into Japan benefits from cultural affinities and a skilled workforce, easing the expansion process compared to other regions.&nbsp;
Japan earmarked up to ¥45 billion ($300 million) to support the Leading-edge Semiconductor Technology Center (LSTC) in developing advanced chip technologies. The LSTC is a collective of Japanese researchers specializing in nanotechnology, materials, and AI.
Recently,&nbsp;Analog Devices, Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>) tapped TSMC&#8217;s majority-owned subsidiary, Japan Advanced Semiconductor Manufacturing, Inc (JASM), to secure long-term wafer capacity, including 40nm and finer&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/02/37266611/whats-going-on-with-key-nvidia-supplier-taiwan-semi-stock-thursday" rel="noreferrer noopener">process technology nodes</a>.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/02/23054658/newplot-35.png" alt="" class="wp-image-226837" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/02/23054658/newplot-35.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/02/23054658/newplot-35-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
TSMC stock gained over 27% year-to-date versus Nvidia at 63% as the AI frenzy is in no mood to fizzle out.
Price Action: TSM shares traded higher by 0.63% at $129.88 premarket on the last check Friday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo by Sundry Photography on Shutterstock

Taiwan Semi Spurs Semiconductor Investment Frenzy in Japan, Boosting Local Economy and Banking Sector

Rising labor costs for U.S. automakers are sowing the seeds for deeper investment in automation after settlements last year to end a month of strikes at car plants across the country saw automakers agree to large wage increases for <a href="https://www.benzinga.com/markets/equities/23/10/35492334/gm-uaw-reach-tentative-agreement-potentially-putting-an-end-to-costly-6-week-strike">American auto workers</a>.
The Big Three Detroit motor manufacturers agreed to pay United Auto Workers union members wage increases of around 25% in November, which will push up labor costs significantly for Ford (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) and Stellantis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>), which was formed by the merger of Fiat Chrysler and France&#8217;s Peugeot.
This is obviously great news for the unionized workers — but if automakers increasingly look toward automation to mitigate these rising labor costs, it could prove to be a longer-term negative for UAW workers.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="650" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/01/15120849/newplot-41.jpeg" alt="" class="wp-image-182098" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/01/15120849/newplot-41.jpeg 650w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/01/15120849/newplot-41-300x300.jpeg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/01/15120849/newplot-41-150x150.jpeg 150w" sizes="(max-width: 650px) 100vw, 650px" /></figure>
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<h2 class="wp-block-heading">UAW&#8217;s Costly Labor Agreement</h2>
Ford disclosed in November that the labor deal would cost it around $1.7 billion in lost profits for 2023, and that over the four-year term of the contract it would add a total of $8.8 billion in costs.
&#8220;We have our work cut out for us,&#8221; CFO John Lawler told a Barclays Investor conference at the time, after divulging the labor deal had cost four times that of the previous agreement in 2019. Ford execs had expected it to cost only twice that of the 2019 deal.
Lawler later said that Ford was looking at &#8220;opportunities in automation&#8221; when asked how the company would offset these costs.
<h2 class="wp-block-heading">Digital Age Descends On Car Industry</h2>
This could be a big threat to the UAW. The contract signed between the union and the Big Three was for four years. After this time is up, new negotiations will be underway and unions are likely to be negotiating on more than pay.
&#8220;The digital age has arrived faster than expected and is only accelerating, and the result will be the mass replacement of human labor by automation,&#8221; said Tomer Simon, chief scientist at Microsoft&#8216;s R&amp;D Center in Israel.
Hollywood actors and writers were striking at the same time as the carmakers last year. Their beef was on the use of artificial intelligence and other technologies in TV and movie making. Their concerns addressed issues such as the use of computerized simulations of actors and writers becoming relegated to editing AI-generated scrips.
Writing in the Harvard Business Review, Yossi Sheffi said of the UAW deal: &#8220;The agreement has achieved significant pay gains for workers but fails to adequately address issues such as how to prepare employees for automation.&#8221;
<h2 class="wp-block-heading">Robotics, AI Firms Could Be Winners</h2>
So which companies are the motor manufacturers going to be looking at in the quest to deepen their already large presence in automation? Car manufacturers are already large stakeholders in the robotics industry and are increasingly becoming so in artificial intelligence. 
Among the biggest makers of automated manufacturing equipment are Sweden&#8217;s ABB (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ABBNY#OTC">ABBNY</a>) and Japan&#8217;s Denso Corp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/DNZOY#OTC">DNZOY</a>) and Fanuc Corporation (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FANUY#OTC">FANUY</a>).
But domestic companies such as Rockwell Automation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ROK#NYSE">ROK</a>), which is developing robots to automate the EV industry, and Magna International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGA#NYSE">MGA</a>), which automates the manufacture of components such as electronics, are likely to be part of this revolution.
Now Read: <a href="https://www.benzinga.com/markets/equities/24/01/36610474/fitness-in-2024-if-youre-going-to-just-do-it-do-it-together">Fitness In 2024: If You&#8217;re Going To &#8216;Just Do It&#8217; — Do It Together</a>
Photo by <a href="http://29s-2mPEHCZ-2mPKgbz-2mPEHFz-2mPJ2b1-2mPFUrN-2mPKg9F-2mPAuhp-2mPJ26r-2mPFUuZ-2mPKg7m-2mPKg4L-atATiZ-atSxWW-bVH1XA-atoYBN-2mPEHCD-2cSLWfq-QPpLBm-hyuu8U-q4M9d4-2pgvk6z-2pgvk8y-pLbr4M-q3nRzB-pLbrdz-pLa5AA-2adbp1m-2ovsCd1-2pgu9DY-q54XJL-2byvZ2g-du3Gua-hAvzcr-hAvQ1e-dtw4FT-hAzZyf-q3VYXP-p7frR5-q42P4c-pLFb4F-pLBrak-pLDzBW-q4biKG">WorldSkills UK via Flickr</a>.

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Why Robot? Automation To Increase After UAW Deal Costs The Car Industry

The United Auto Workers (UAW) union initiated a strike against Detroit&#39;s three major automakers following the <a href="https://www.benzinga.com/news/large-cap/23/09/34555080/stand-up-not-out-uaws-strike-imminent-union-president-shawn-fain-just-rattled-the-big-3s-cage">expiration of their contracts</a>.
The strike, historically unprecedented in its scale, targets Ford Motor Co&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/f#NYSE">F</a>), General Motors Co (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gm#NYSE">GM</a>)&nbsp;and Stellantis NV (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/stla#NYSE">STLA</a>).
The core dispute revolves around a wide gap in wage and benefit expectations.
Potential Implications: As attention remains&nbsp;fixated on the Big 3, repercussions of the strike may ripple through the auto suppliers that&nbsp;provide vital components and services to the automakers.
The Biden administration is considering extending emergency financial support to the affected auto suppliers. The exact form of aid is still under discussion, with&nbsp;proposals including&nbsp;potential grants from the Labor Department for impacted workers and preferential loan terms via the Small Business Administration, USA Today <a href="https://www.usatoday.com/story/news/politics/2023/09/14/biden-aid-to-auto-suppliers-uaw-strike/70852542007/">reported</a> on Friday.
As <a href="https://www.benzinga.com/news/large-cap/23/09/34594975/ford-ceo-farley-calls-upon-uaw-to-negotiate-a-deal-before-strike-deadline">Ford CEO Jim Farley</a> said Thursday, the automaker will have to start closing plants within &ldquo;hours or days&rdquo; of the strike. Here&rsquo;s what stocks to watch.
Supplier Overview and Recent Price Action:
Lear Corp (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lea#NYSE">LEA</a>)
Services: Supplies seating systems and electronic systems.
Clients: Ford, GM, Stellantis
5-Day Price Action: -2.87%
Denso Corp (OTCMKTS: DNZOY)
Services: Produces advanced automotive technology, systems, and components.
Clients: Ford, GM
5-Day Price Action: +0.02%
Magna International Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mga#NYSE">MGA</a>)
Services: Offers mobility technology solutions, including body exteriors and structures.
Clients: Ford, GM
5-Day Price Action: -1.13%
BASF SE (OTCMKTS: BASFY)
Services: Provides chemicals for automotive coatings and other applications.
Clients: GM
5-Day Price Action: +2.42%
Aptiv PLC (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aptv#NYSE">APTV</a>)
Services: Delivers software capabilities, computing platforms and networking architecture.
Clients: Stellantis
5-Day Price Action: +0.84%
Adient PLC (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/adnt#NYSE">ADNT</a>)
Services: Produces automotive seating systems.
Clients: GM
5-Day Price Action: -0.34%
Dana Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dan#NYSE">DAN</a>)
Services: Supplies drivetrain and e-propulsion systems.
Clients: Ford, GM
5-Day Price Action: -3.47%
Autoliv Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/alv#NYSE">ALV</a>)
Services: Develops and manufactures automotive safety systems.
Clients: Ford
5-Day Price Action: -3.29%
Nucor Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nue#NYSE">NUE</a>)
Services: Provides steel and steel products.
Clients: GM
5-Day Price Action: -3.42%
Continental AG (OTCMKTS: CTTAY)
Services: Produces automotive parts, especially tire systems.
Clients: Ford
5-Day Price Action: -0.83%
While the UAW strike puts a direct spotlight on the Big 3 automakers, the potentially extended ramifications on their suppliers cannot be ignored.
The strike, which began on Friday, affected all three automakers at the GM assembly plant in Wentzville, Missouri;&nbsp;the Stellantis assembly plant in Toledo, Ohio;&nbsp;and the Ford assembly plant in Wayne, Michigan.
Read Next:&nbsp;<a href="https://www.benzinga.com/news/large-cap/23/09/34589612/diamond-hands-softbank-isnt-leaving-arm-holdings-keep-as-much-as-possible-as-long-as-possible">Diamond Hands: SoftBank Isn&#39;t Leaving Arm Holdings, &#39;Keep As Much As Possible, As Long As Possible&#39;</a>
Photo: Shutterstock

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10 Big 3 Auto Suppliers To Watch With UAW On Strike

<ul>
<li>Sony Group Corp&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sony#NYSE">SONY</a>) weighed an investment of 800 billion yen ($5.83 billion) to build a factory to produce smartphone image sensors in western Japan.</li>
<li>The plant would be located in Kumamoto prefecture. Sony plans to bring it online by 2025, Reuters&nbsp;<a class="editor-rtfLink" href="https://www.reuters.com/technology/sony-plans-smartphone-sensor-factory-japan-nikkei-2022-12-15/" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">reports</a>.</li>
<li>Taiwan Semiconductor Manufacturing Company Ltd&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tsm#NYSE">TSM</a>) is also building a significant chip plant in Kumamoto.&nbsp;</li>
<li>Also Read:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/government/22/12/30054231/rapidus-eyes-big-investment-to-boost-japans-chip-trajectory-collaborates-with-ibm-to-commercialize-2" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Rapidus Eyes Big Investment To Boost Japan&#39;s Chip Trajectory, Collaborates With IBM To Commercialize 2-Nm Tech</a></li>
<li>Sony and auto parts maker&nbsp;Denso Corp&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/dnzof#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">DNZOF</a>) (OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/dnzoy#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">DNZOY</a>) took a minority stake in the $8.6 billion project.</li>
<li>Sony plans to source logic chips for image sensors from the TSMC plant, Nikkei Asia&nbsp;<a class="editor-rtfLink" href="https://asia.nikkei.com/Business/Tech/Semiconductors/Sony-plans-sensor-factory-in-Japan-near-new-TSMC-fab#:~:text=TOKYO%20%2D%2D%20Sony%20Group%20is,the%20area%2C%20Nikkei%20has%20learned." style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">reports</a>.</li>
<li>Sony carefully weighed the timing and scale of the investment in light of concerns about the outlook for the global economy.</li>
<li>Sony&#39;s existing Kumamoto facility produces sensors for various applications, including smartphones, vehicles, and industrial equipment.&nbsp;Apple Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) CEO Tim Cook&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/12/30053671/tim-cook-lauds-sony-for-over-a-decade-partnership-as-apples-japan-investment-crosses-100b" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">visited the facility this week</a>.</li>
<li>Sony is the largest supplier of CMOS image sensors for smartphone cameras and autos. Sony held a 44% share of the global market by value in 2021, versus&nbsp;Samsung Electronics Co, Ltd&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/ssnlf#OTC">SSNLF</a>) at 18%.</li>
<li>As per IC Insights, the global market for CMOS image sensors will likely grow to $26.9 billion in 2026, up 30% year-on-year.</li>
<li>Price Action:&nbsp;SONY shares closed lower by 3.1% at $78.72 on Thursday.</li>
</ul>

AAPL

SSNLF

Sony Eyed $6B Investment In Japan's Smartphone Sensor Factory

<ul>
<li>Driverless vehicle startup Aurora&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/21/07/b21998380/in-major-step-toward-commercializing-self-driving-technology-aurora-to-become-a-public-company-by-" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">plans to go public</a>&nbsp;via&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/topic/spacs" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">SPAC</a>&nbsp;(special purpose acquisition company) merger with&nbsp;Reinvent Technology Partners Y&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rtpy#NASDAQ">RTPY</a>).</li>
<li>LinkedIn co-founder Reid Hoffman and tech entrepreneur Mark Pincus set up the SPAC.</li>
<li>The deal values&nbsp;Amazon.com Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>) and&nbsp;Uber Technologies Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/uber#NYSE">UBER</a>)- backed startup at $11 billion. It will also get around $2 billion in fresh funding, positioning it to launch its first autonomous product in 2023.</li>
<li>CEO Chris Urmson, Sterling Anderson, who led&nbsp;Tesla Inc&#39;s&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) Autopilot efforts, and Uber executive Drew Bagnell founded Aurora in 2016 amid a boom in robotaxi startups, the&nbsp;<a class="editor-rtfLink" href="https://www.ft.com/content/afc073ef-e16a-4cd9-a67d-deb25b92be40" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Financial Times reports</a>.</li>
<li>Aurora is hugely invested in simulation and virtual development tools and claims to drive the equivalent of 22 million miles per day.</li>
<li>Earlier this year, Aurora collaborated with&nbsp;Volvo AB&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/vlvly#OTC">VLVLY</a>) Trucks and&nbsp;PACCAR Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pcar#NASDAQ">PCAR</a>), the maker of heavy-duty trucks.&nbsp;</li>
<li>It also has partnerships with Uber,&nbsp;Toyota Motor Corp&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tm#NYSE">TM</a>), and Japanese parts supplier&nbsp;Denso Corp&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/dnzoy#OTC">DNZOY</a>).&nbsp;</li>
<li>Uber, Paccar, and Volvo are contributing to the $1 billion in new funding.</li>
<li>Price action:&nbsp;RTPY shares traded higher by 1.42% at $9.99 on the last check Thursday.</li>
<li>Photo courtesy by&nbsp;<a class="editor-rtfLink" href="https://aurora.tech/press" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Company</a></li>
</ul>

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Amazon, Uber-Backed Driverless Vehicle Startup Aurora Aims Public Listing $11B SPAC Merger

Pre-open movers
U.S. stock futures traded higher in early pre-market trade after the Nasdaq surged over 1% in the previous session. Investors are awaiting earnings results from AutoZone, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/azo#NYSE">AZO</a>), Intuit Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/intu#NASDAQ">INTU</a>) and Toll Brothers Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tol#NYSE">TOL</a>).
The S&amp;P Corelogic Case-Shiller home price index and the FHFA house price index for March will be released at 9:00 a.m. ET. Data on new home sales for April, Conference Board&rsquo;s consumer confidence index for May and Richmond Fed&#39;s manufacturing index for May will be released at 10:00 a.m. ET. Federal Reserve Governor Randal Quarles is set to speak at 10:00 a.m. ET.
Futures for the Dow Jones Industrial Average climbed 89 points to 34,441.00 while the Standard &amp; Poor&rsquo;s 500 index futures rose 13.25 points at 4,207.00. Futures for the Nasdaq 100 index rose 73.25 points to 13,708.50.
The U.S. has the highest number of COVID-19 cases and deaths in the world, with total infections in the country exceeding 33,143,740 with around 590,530 deaths. India reported a total of at least 26,948,870 confirmed cases, while Brazil confirmed over 16,120,750 cases.
<a href="https://www.benzinga.com/investing/global-oil-storage-trends/">Oil prices </a>traded lower as Brent crude futures fell 0.4% to trade at $68.07 per barrel, while US WTI crude futures fell 0.5% to trade at $65.73 a barrel. The API&rsquo;s report on crude oil stocks will be released later during the day.
A Peek Into Global Markets

European markets were mostly higher today. The Spanish Ibex Index rose 0.2% and STOXX Europe 600 Index gained 0.3%. The French CAC 40 Index rose 0.1%, London&rsquo;s FTSE 100 fell 0.1% while German DAX 30 gained 0.8%. German economy contracted 1.8% on quarter during the three months to March, while Ifo Business Climate indicator climbed to 99.2 in May from 96.6 a month ago. Spain&#39;s producer price inflation surged 12.8% year-over-year in April.
Asian markets traded mostly higher today. Japan&rsquo;s Nikkei 225 rose 0.67%, while China&rsquo;s Shanghai Composite rose 2.4%. Hong Kong&rsquo;s Hang Seng Index climbed 1.75%, Australia&rsquo;s S&amp;P/ASX 200 rose 1% and India&rsquo;s BSE Sensex slipped 0.1%.

Broker Recommendation
Goldman Sachs upgraded Shake Shack (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/shak#NYSE">SHAK</a>) from Neutral to Buy and raised the price target from $107 to $109.
Shake Shack shares rose 5.5% to $89.24 in pre-market trading.
<a href="https://www.benzinga.com/analyst-ratings/">Check out other major ratings here </a>
&nbsp;
Breaking News 
<ul>
<li>Nordson Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ndsn#NASDAQ">NDSN</a>) reported better-than-expected results for its second quarter. The company said it expects FY21 earnings of $7.20 to $7.50 per share.</li>
<li>Honeywell International Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hon#NASDAQ">HON</a>) and key Toyota Motor Corp (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tm#NYSE">TM</a>) supplier Denso Corp (OTC: <a class="ticker" href="https://www.benzinga.com/stock/dnzoy#OTC">DNZOY</a>) have formed a long-term partnership to develop and manufacture electric propulsion systems for aircraft with a focus on air taxis and delivery vehicles..</li>
<li>Hydrofarm Holdings Group Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hyfm#NASDAQ">HYFM</a>) announced plans to acquire House &amp; Garden for $125 million.</li>
<li>Scholar Rock Holding Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/srrk#NASDAQ">SRRK</a>) announced it received FDA Fast Track designation for apitegromab for the treatment of patients with spinal muscular atrophy.</li>
</ul>
<a href="https://www.benzinga.com/news/">Check out other breaking news here</a>

Eurozone

Futures

Global

Pre-Market Outlook

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A Peek Into The Markets: US Stock Futures Rise Ahead Of Economic Reports

Honeywell International Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hon#NASDAQ">HON</a>) and key Toyota Motor Corp (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tm#NYSE">TM</a>) supplier Denso Corp (OTC: <a class="ticker" href="https://www.benzinga.com/stock/dnzoy#OTC">DNZOY</a>) have formed a long-term partnership to develop and manufacture electric propulsion systems for aircraft with a focus on air taxis and delivery vehicles.
What Happened: The two companies plan to use their automotive and aerospace expertise and have their first electric propulsion motors ready for flight tests in 2022 and they are in &ldquo;advanced discussions with current and prospective customers,&rdquo; according to a statement.
Both Honeywell and Denso aim to tap the air mobility market and claim they are focusing on making the new aircraft safer, more efficient, quieter, cleaner for the environment when compared with traditional helicopters and small aircraft, and easily facilitate transportation in and between cities.&nbsp;
Why It Matters: Manufacturers including Boeing Co (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ba#NYSE">BA</a>), Airbus SE (OTC: <a class="ticker" href="https://www.benzinga.com/stock/eadsy#OTC">EADSY</a>), Cessna-maker Textron Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/txt#NYSE">TXT</a>), and a dozen of other startups are vying to bring their electric-powered aircraft&nbsp;to the market, ahead of competitors,&nbsp;amid growing interest.
Package delivery company United Parcel Service Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ups#NYSE">UPS</a>) said last month it is buying 10 small electric-powered aircraft that take off like helicopters and fly like planes, aiming to reduce its costs from contracting with small air freighters to reach far-flung areas. The first delivery of the ALIA-250 from Stone Point Capital-backed Beta Technologies is expected in 2024.
Price Action: Honeywell shares closed 0.81% higher at $225 on Monday.
Click&nbsp;<a href="https://www.benzinga.com/electric-vehicles" rel="noopener noreferrer" target="_blank">here&nbsp;</a>to check out Benzinga&#39;s EV Hub for the latest electric vehicles news.

European Aeronautic Defence And Space Unsponsored

EADSY

Honeywell, Denso Partner To Build Electric Aircraft Motors Amid Growing Demand

Lyft Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lyft#NASDAQ">LYFT</a>) is selling its self-driving unit Level 5 to&nbsp;Toyota Motor Corp (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tm#NYSE">TM</a>) subsidiary Woven Planet Holdings for $550 million in cash, the companies announced&nbsp;on Monday &mdash; a move that is expected to help the ride-sharing company hit its profitability target a quarter earlier.
What Happened:&nbsp;Woven Planet Holdings will pay $200 million upfront and the remaining $350 million will be paid over a five-year period. The deal will help Lyft shed $100 million of net operating costs and deliver profit faster than anticipated.&nbsp;
The San Francisco-based company said it now expects to become profitable on an adjusted basis before interest, taxes, depreciation and amortization in the third quarter of this year, three months ahead of its previous estimate.
The Level 5 team will join the Toyota subsidiary dedicated to developing autonomous driving and other advanced mobility technologies. It will also use the Lyft system and fleet data to speed up the safety and commercialization of the automated-driving vehicles that Woven Planet will develop.&nbsp;
See Also:&nbsp;<a href="https://www.benzinga.com/news/earnings/21/02/19592708/lyft-rider-numbers-remain-depressed-revenue-falls-in-q4">Lyft Rider Numbers Remain Depressed, Revenue Falls In Q4</a>
Why It Matters: The COVID-19 pandemic took a toll on the ride-hailing company in 2020 &mdash; forcing it to lower costs and restructure the business. The sale will further allow it to focus on its core operations.&nbsp;
The Japanese automaker&nbsp;Toyota had earlier this year revealed plans to develop and build autonomous minivans for ride-hailing networks with Aurora Innovation Inc, a Silicon Valley-based autonomous-driving startup with at least a $10 billion valuation and longtime supplier partner Denso Corp (OTC: <a class="ticker" href="https://www.benzinga.com/stock/dnzoy#OTC">DNZOY</a>).
Aurora in December last year <a href="https://aurora.tech/blog/aurora-is-acquiring-ubers-self-driving-unit-advanced">announced</a> the acquisition of Lyft rival&nbsp;Uber Technologies Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/uber#NYSE">UBER</a>).
Price Action: Lyft&rsquo;s shares closed 1% lower at $63.06 on Monday but were up 2.5% in after-hours trading.

LYFT

Lyft To Sell Self-Driving Unit To Toyota In $550M All-Cash Deal

Intraday Update

Movers

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ARCH BIOPARTNERS INC ORD by Arch Biopartners Inc.

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ALTERNATE HEALTH CORP ORD by Alternate Health Corp.

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ALEAFIA HEALTH INC ORD by Aleafia Health Inc.

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Allianz Ag Muenchen Namen-Akt Vinkuliert Shares

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ANACONDA MINING INC by Anaconda Mining Inc.

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Australia and New Zealand Banking Group Limited

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ASCOT RESOURCES LTD by Ascot Resources Ltd.

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Stocks That Hit 52-Week Highs On Tuesday

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Denso

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에 대한 최신 뉴스 Denso (OTC:DNZOY) 주식

금요일, 12월 20, 2024

토요일, 6월 08, 2024

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