AutomobilesToyota and Daimler to merge truck subsidiaries in Japan next April
Commercial vehicle makers push reform as decarbonization pressure mounts
Toyota will hold 19.9% of the new company's voting rights, while Daimler Trucks will control 26.7%. (Source photos by Getty Images, AP and Yuki Nakao)
YURIKA YONEDA
June 10, 2025 20:31 JST
Updated on June 10, 2025 21:47 JST
TOKYO -- Toyota Motor unit Hino Motors and Mitsubishi Fuso Truck and Bus, a subsidiary of Germany's Daimler Truck, have reached a definitive merger agreement, the companies announced on Tuesday, aiming to improve business efficiency as their industry is pushed to lower its carbon emissions.