# Toyota Group plans to transfer powertrain business to JTEKT

Toyota Group and JTEKT announced plans to transfer shares of Feng Precision Industry Co., Ltd. to JTEKT, consolidating powertrain component production to enhance competitiveness.

- Type: Acquisition
- Announced: 2024-01-15
- Where: Japan
- Status: announced
- Products: powertrain components, differential gears, torque control devices
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Toyota](https://endata.com/companies/16194.md)
- [JTEKT Corporation](https://endata.com/companies/8792.md) (acquirer)
- [Feng Precision Industry Co., Ltd.](https://endata.com/companies/74962.md) (target)

## Sources

- [haythink.com](https://www.haythink.com/toyota-plans-to-transfer-powertrain-business-to-jtekt/), 2024-01-15: "The purpose of transferring these shares is to further enhance the competitiveness of Toyota Group and its major suppliers in the powertrain market."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.