Toyota Motor unit Hino Motors and Mitsubishi Fuso Truck and Bus, a subsidiary of Germany’s Daimler Truck, are transferring to finalise a merger settlement, Nikkei Asia reported on Tuesday.
The 2 automobile teams intention to ascertain a holding firm for the truck models and listing it on the Tokyo Inventory Alternate’s Prime market in April 2026, the report acknowledged, with out disclosing its supply.
The corporations agreed in Could 2023 to merge the truck operations by the top of 2024. In February 2024, the ultimate deal was postponed indefinitely.
The businesses are anticipated to finalise the merger settlement as early as Could, Nikkei stated, including that an antitrust overview by the Japan Truthful Commerce Fee is near completion.
Publish-transaction, a brand new holding firm would totally personal each Hino Motors and Mitsubishi Fuso, based on the report.
Toyota Motor and Daimler Truck didn’t instantly reply to Reuters requests for remark outdoors enterprise hours.
Reuters
