Toyota, Daimler subsidiaries said to be close to deal - Breaking The News

Toyota, Daimler subsidiaries said to be close to deal

21 April

1 min read

EPA-EFE/ADAM DAVIS

Toyota Motor Co.'s Hino Motors Ltd. and Daimler Truck AG's subsidiary Mitsubishi Fuso Truck and Bus are nearing the closure of a merger agreement, Nikkei reported on Monday.

According to the media outlet, the two businesses plan to make a holding company for the truck units, with the aim of putting it on the Tokyo Stock Exchange's Prime market in April 2026.

Nikkei added that the two subsidiaries and their parent companies are trying to survive amid rising competition from China and the United States' shifting trade policies.

toyota mergers and acquisitions daimler

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