TOKYO, June 10 (Xinhua) -- 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.
