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Business deals

Rivals VW and Hino cross group lines to fight China's rise

Truck makers also need to catch up with technology frontrunner Daimler

A congested road in Beijing. Chinese truck makers occupied five of the top 10 slots in global sales of medium and large trucks in 2017, thanks to brisk sales in their home market.   © Reuters

TOKYO -- The commercial vehicle partnership announced on Thursday by Toyota Motor unit Hino Motors and a Volkswagen subsidiary aims to combine the sales and technological capabilities of the rival groups to compete more effectively against fast-growing Chinese players.

Hino and Volkswagen Truck & Bus fear their connections to two of the world's largest passenger automobile companies will not ensure their survival in a changing market. Chinese companies made up five of the world's top 10 truck producers by market share in 2017 as the likes of FAW Group and Dongfeng Motor Group claim larger shares of their swelling home market. Volkswagen has dropped to ninth place, while Hino sits 13th.

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