Daimler Truck and Toyota to Merge Japanese Truck Units
Daimler Truck DTG -0.53%decrease; red down pointing triangle and Toyota Motor 7203 0.66%increase; green up pointing triangle will merge their Japanese truck units in a move designed to increase efficiencies in development, procurement and production while boosting competitiveness.
Daimler's Mitsubishi Fuso and Toyota's Hino Motors 7205 -0.62%decrease; red down pointing triangle will be combined under a new holding company and listed on the Tokyo Stock Exchange's prime market, the companies said in a joint statement.
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