Toyota, Daimler in deal to combine Japan truck operations

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Toyota, Daimler in deal to combine Japan truck operations
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TOKYO :Daimler Truck Holding AG and Toyota Motor Corp said on Tuesday they had entered a non-binding agreement to combine the businesses of their truck units in Japan.Under the memorandum of understanding (MOU), the businesses of Daimler-owned Mitsubishi Fuso Truck and Bus Corp and Toyota subsidiary Hino Moto

TOKYO :Daimler Truck Holding AG and Toyota Motor Corp said on Tuesday they had entered a non-binding agreement to combine the businesses of their truck units in Japan.

The shares of the new company are expected to be listed on the Prime Market of the Tokyo Stock Exchange.

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