Denso Will Invest $1 Billion in N. America

Denso Corp. plans to spend about $1 billion in North America over the next four years as part of a program to localize production.

Denso says the investments are aimed at increasing capacity and expanding research and development capabilities, much of it to support the auto industry's fuel economy initiatives. Projects include a new facility in Maryville, Tenn., to make proprietary manufacturing equipment and dies.

Denso currently operates 26 production facilities in North America.