(250611) -- TOKYO, June 11, 2025 (Xinhua) -- Toyota President Koji Sato, Hino Motors President Satoshi Ogiso, Mitsubishi Fuso Truck CEO Karl Deppen and Daimler Truck CEO Karin Radstrom (L-R) pose for a group photo during a joint press conference in Tokyo, Japan, June 10, 2025.
Toyota Motor Corp. and Daimler Truck Holding AG said Tuesday they have reached an agreement to merge their Japanese truck subsidiaries under a new holding company, aiming to better respond to increasing challenges from lowering carbon emissions to competing with emerging overseas rivals.
Under the agreement, Hino Motors Ltd., a unit of Toyota Motor, and Mitsubishi Fuso Truck and Bus Corp., a subsidiary of Daimler, will operate under the holding company to be set up in April 2026 and listed on the prime market of the Tokyo Stock Exchange. (Toyota Motor Corp./Handout via Xinhua)
