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.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
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