Japan's Stanley Electric signs capital alliance agreement with Honda
27/09/2022 08:04
TOKYO, Sept 27 (Reuters) - Japan's Stanley Electric
6923.T has signed a capital and business alliance with Honda
Motor Co 7267.T to facilitate next-generation technologies for
vehicles, it said on Tuesday.
Stanley Electric will transfer 7.5 million of its shares to
Honda for 2,534 yen ($17.57) per share, the company said in a
statement.
The two companies aim to decarbonise the supply chain,
consolidate parts and improve the efficiency of product
development.
($1 = 144.2500 yen)
(Reporting by Satoshi Sugiyama, Editing by Louise Heavens)
((Satoshi.Sugiyama@thomsonreuters.com;))