Didn't know about this.............
UPDATE 1-Bosch sells stake in Japan's Denso for $1.4 bln | Reuters
UPDATE 1-Bosch sells stake in Japan's Denso for $1.4 bln | Reuters
It's not unheard of. Did you know that Ford owns Mazda and Renault owns Nissan? When you drive a Mazda3, you're riding in a Japanese car with European Ford Focus underpinnings. Ditto with the Mazda2, with Ford Fiesta underpinnings.Bosch bought Denso shares as an investment back in the 50s? That seems weird. Does Ford own millions in Chrysler stock? Home Depot in Lowes?
....
It's not unheard of. Did you know that Ford owns Mazda
End result is the same Ford/Mazda pick up.Actually, it was the other way around. Mazda ditched their international version of the B series pickup in the USA, and badge engineered a "new" B series based on the Ford Ranger.
.