1. Denso Corp., the world's largest listed auto-parts maker, plans to hire 2,000 engineers by 2010 as its biggest customer, Toyota Motor Corp., increases production of hybrid and other alternative-fuel vehicles. A hybrid vehicle combines a conventional gasoline engine with an electric motor. The motor powers the vehicle at low speeds, and the gasoline engine kicks in as the car gains speed. The motor's battery pack is charged by the gasoline engine and by power regenerated by the brakes.
2. The bulk of growth will be in Japan, where 1,100 new engineers will be hired. This year, Denso plans to hire 110 engineers worldwide.
3. The parts maker needs to increase hiring to sustain profit growth that has outpaced Toyota's over the past three years.
4. It is cooperating with Toyota in the development of different types of hybrid cars including gasoline- ethanol and diesel-bio fuel types
5. It will produce auto-related chips at a new plant in Hokkaido. It will need to build another facility to produce wafers in about five years
6. It will also expand production of diesel engine components to increase market share in Europe, where diesel-powered cars command half the market. It will produce diesel particulate filters in a joint venture with Robert Bosch GmbH in a factory in Eastern Europe.
7. Denso will also release an improved 2,000-bar diesel engine common rail system next year.
Following market trends leads to revenue
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