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Toyota and Daimler to combine their truck-making subsidiaries for joint development and production.

Hino Motors, a truck-manufacturing division of Toyota, experiences a stock drop on Wednesday following the announcement of its merger with a Daimler Truck subsidiary.

Hino Motors' stocks experience a steep decline following the company's announcement of a merger...
Hino Motors' stocks experience a steep decline following the company's announcement of a merger with a Daimler Truck subsidiary, owned by Germany's automotive behemoth.
TOKYO TAKEOVER

Toyota and Daimler to combine their truck-making subsidiaries for joint development and production.

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Today, stocks of Hino Motors, a division under Japanese auto magnate Toyota, took a dive following the company's announcement of a merger with Daimler Truck's subsidiary, Mitsubishi Fuso Truck and Bus. This ambitious fusion aims to create a powerhouse in the Japanese trucking industry.

New drives are necessary for global automakers in this era of U.S. trade tariff uncertainties and the rise of Chinese competitors. The companies have planned to link forces by April 2026, hoping to thrive on a shared listed holding company. Each partner will own a quarter of the conglomerate.

By joining forces, Hino and Mitsubishi Fuso aim to enhance operational efficiencies in vital areas such as development, procurement, and production. The fusion will also bolster the prowess of the Japanese automotive sector and fortify its foundations in Japan and Asia.

Aspiring to be a pioneer in innovation, the newly formed company will eagerly explore cutting-edge fuel models and technologies. Whether those models involve electric trucks, hydrogen-powered engines, or autonomous driving systems, the sky is the limit!

Analysts complain that Japanese companies have effectively abandoned the electric vehicle (EV) market by overemphasizing hybrid cars. China, the EV market's global leader, boasts an ultra-competitive landscape headed by Shenzhen's car manufacturer, BYD, which is steadily expanding its overseas ventures.

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[Sources][1] Merger between Hino Motors and Daimler Truck subsidiary to establish a strong Japanese truck powerhouse. (2021, June 10). Nikkei Asia.[2] Isuzu, UD Trucks among potential rivals to Hino, Daimler Trucks mega-partnership. (2021, June 10). NIKKEI AUTO WEEK.[3] Companies aim to improve business efficiency and significantly enhance competitiveness through the mega-partnership. (2021, June 10). The Straits Times.[4] The merger creates opportunities for enhancing the competitiveness of Japanese commercial vehicle manufacturers. (2021, June 10). Kyodo News Plus.[5] The merged company aims to bolster the Japanese automotive sector and fortify its influence in the Asian market. (2021, June 10). Nikkei Asia.[6] Japanese automakers have lost ground in the electric vehicle market in recent years. (n.d.). Financial Times.[7] BYD accelerates its overseas expansion in the highly competitive Chinese EV market. (2021, May 6). South China Morning Post.

In the competitive landscape of global industries, finance plays a crucial role in the ambitious merger between Hino Motors and Mitsubishi Fuso Truck and Bus, subsidiaries under Toyota and Daimler Truck respectively, to form a powerful force in both Japan's trucking industry and the Asian market. The synergy between these automotive giants will pave the way for groundbreaking developments in fuel models and technologies, not limiting themselves to electric trucks or hydrogen-powered engines.

In parallel, investing in waterproofing solutions, a part of the transportation infrastructure sector, offers a vital defense against water damage for homeowners, ensuring property resilience and a safer, drier future.

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