Toyota and Denso to start considerations toward consolidating electronic component operations within Denso

On June 1, 2018, Toyota Motor Corporation and Denso Corporation announced that they have agreed to begin considerations toward consolidating the core electronic component operations of both Toyota and Denso within Denso.
Discussions are to be held toward the transfer of production of electronic components from Toyota's Hirose Plant to Denso prospectively at the end of 2019. In addition, from 2022, mass-production development functions for electronic components are to be consolidated within Denso.
By consolidating mass-production development and production of electronic components of both Toyota and Denso within Denso, which has a high level of expertise in the field, Toyota and Denso aim to establish a speedy and competitive development and production structure. Doing so also aims to maximize resource utilization, such as by shifting resources created by eliminating duplicate operations within the Toyota Group to new domains that will increase the value of future mobility, thus strengthening the competitiveness of the Toyota Group overall.
In addition, Toyota and Toyota Tsusho Corporation announced that they have concluded a memorandum of understanding on considering the transfer of all Toyota sales & marketing operations for Africa currently conducted by Toyota to Toyota Tsusho, from January 2019. Excluded from the scope of this development are local operations of Toyota South Africa Motors (Pty) Ltd. (in the Republic of South Africa).
To survive in this era of profound transformation, Toyota is accelerating its efforts to enhance the competitiveness of the overall Toyota Group by further strengthening coordination for the effective application of the group's limited resources.
(From Toyota press release on June 1, 2018 1/2/3)