Toyota, Daimler near merger of truck units, Nikkei Asia reports

Toyota, Daimler Near Merger of Truck Units, Nikkei Asia Reports

Toyota, Daimler near merger of truck units, eyeing Tokyo listing

TOKYO/NAGOYA, Japan -- Toyota Motor unit Hino Motors and Mitsubishi Fuso Truck and Bus, a subsidiary of Germany's Daimler Truck, are moving to finaliz

Toyota, Daimler near merger of truck units, Nikkei Asia reports

Toyota Motor unit Hino Motors and Mitsubishi Fuso Truck and Bus, a subsidiary of Germany's Daimler Truck , are moving to finalize a merger agreement, Nikkei Asia reported on Tuesday.

Toyota And Daimler To Merge Truck Operations Under New Holding Company

After months of uncertainty and setbacks, Japan’s Hino Motors and Mitsubishi Fuso Truck and Bus Corp. are reportedly closing in on a long-anticipated merger deal that could reshape the commercial vehicle landscape. According to reports from Nikkei Asia and other sources, the two truckmakers – backed by automotive giants Toyota and Daimler Truck respectively – are expected to finalise a merger agreement as early as May. The plan involves establis…