Toyota Motor (TM) unit Hino Motors and Daimler Truck (DTRUY) subsidiary Mitsubishi Fuso Truck and Bus are moving to finalize a merger agreement, according to Nikkei Asia. The two auto groups aim to establish a holding company for the truck units and list it on the Tokyo Stock Exchange’s Prime market next year, the report added.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TM:
- Toyota considers producing new RAV4 in U.S., Reuters reports
- Automotive brands to showcase new models at Shanghai auto show, Reuters says
- Toyota Set to Become Latest Major Firm to Boost U.S. Production to Avoid Tariff Hikes
- Tesla Stock (TSLA) Falls as California Sales Continue to Drop
- Toyota Stock Surges as Trump Floats Tariff Reprieve