NAGOYA, Japan — Seven Japanese auto parts makers affiliated with Toyota Motor plan investments totaling more than 1 trillion yen ($7 billion) in both R&D and capital spending for a third straight year, keeping up work on electrification and self-driving technology.
The combined research and development spending by Denso, Aisin, Toyota Industries, Toyota Boshoku, Toyoda Gosei, Aichi Steel and Jtekt is slated to rise 6% to 1.22 trillion yen in fiscal 2025, with all but Jtekt set for record highs.
