Denso Q1 sinks, cuts forecasts as Toyota suffers


TOKYO, July 30 (Reuters) - Denso Corp , the world's top auto parts supplier, said on Wednesday quarterly profits sank more than 20 percent and it slashed its forecasts as big cuts in North American vehicle production take their toll. April-June operating profit at Denso, a core supplier of the Toyota Motor Corp group, was 74.16 billion yen ($686 million), down 21 percent from the year-earlier quarter and below an average estimate of 80.8 billion yen from three brokerages. Net profit sank ...

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