DENSO Corporation announced Tuesday at the North American International Auto Show that it plans to expand its U.S. world headquarters in Southfield.
The company has invested $10 million to purchase and outfit a 140,000-square-foot building in Southfield - with equipment needed to support the development of electric hybrid vehicles, gasoline direct injection systems and infotainment systems.
Denso will also invest $55 million and add 130 jobs at its manufacturing facilities in Athens, Tenn., where the company produces direct injection lines.
Currently, in North America, DENSO employs more than 14,000 people at 28 consolidated companies and affiliates. Of these, 26 are manufacturing facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 10,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, and Arkansas.
DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electric, electronics and information and safety. Its customers include all the world's major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 35 countries and regions (including Japan) and employs more than 120,000 people. Consolidated global sales for the fiscal year ending March 31, 2012, totaled US$38.4 billion. Last fiscal year, DENSO spent 9.5 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges.
In North America, DENSO employs more than 14,000 people with consolidated sales totaling US$6.2 billion for the fiscal year ending March 31, 2012.