Daimler CEO: Toyota truck deal will make us less dependent on Chinese market

📆 2023/05/31 0:40:00
📰 ChannelNewsAsia

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HAMBURG : A deal between Daimler Truck and Toyota Motor Corp to combine their truck units in Japan will give the German group a more 'balanced' market position in Asia and reduce its reliance on China, Daimler Truck's CEO said on Tuesday. During a conference call, Martin Daum initially said the tie-up wou

Daimler Truck Chief Executive Martin Daum speaks during a joint news conference in Tokyo, Japan, May 30, 2023. REUTERS/Kim Kyung-Hoon

Toyota Motor Corp. President and Chief Executive Koji Sato and Daimler Truck Chief Executive Martin Daum attend their joint news conference in Tokyo, Japan, May 30, 2023. REUTERS/Kim Kyung-Hoon Toyota Motor Corp. President and Chief Executive Koji Sato and Daimler Truck Chief Executive Martin Daum attend their joint news conference in Tokyo, Japan, May 30, 2023. REUTERS/Kim Kyung-Hoon

Hino Motors Chief Executive Satoshi Ogiso, Toyota Motor Corp. President and Chief Executive Koji Sato, Daimler Truck Chief Executive Martin Daum and Mitsubishi Fuso Truck and Bus Corporation Chief Executive Karl Deppen attend a photo session after their joint news conference in Tokyo, Japan, May 30, 2023. REUTERS/Kim Kyung-Hoon

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Toyota, Daimler truck units to combine operations under holding companyTOKYO : 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
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