Denso raises profit forecast on global auto rebound

Newswire

TOKYO, July 30 (Reuters) - Denso Corp , Japan's largest car parts maker, raised its full-year profit forecast to above market expectations after swinging back to profit in the latest quarter due to a rebound in global auto production. Like other Japanese car and car parts makers, Denso's earnings have been boosted by Japanese government subsidies for eco-friendly cars. That scheme is set to end in September, potentially leading to a drop-off in demand. For the three months ended in June, ...

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