A Toyota Revo BEV Concept truck seen throughout the 44 th Bangkok International Motor Show.
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Daimler Truck Holding and Toyota Motor Corp stated on Tuesday they had actually gotten in a non-binding contract to integrate business of their truck systems in Japan.
Under the memorandum of understanding (MOU), business of Daimler- owned Mitsubishi Fuso Truck and Bus Corp and Toyota subsidiary Hino Motors Ltd would be integrated under a holding business, they stated in a declaration.
The shares of the brand-new business are anticipated to be noted on the Prime Market of the Tokyo Stock Exchange.
Daimler Truck and Toyota will buy the business similarly and work together on the advancement of hydrogen and other innovations in locations such as connection and self-governing driving, the declaration stated.
The business anticipate to sign a conclusive contract in the very first quarter of 2024 and close the deal by the end of next year, they stated.
Last year, a committee charged with examining an emissions scandal at Hino, which ended up being a Toyota subsidiary in 2001, discovered that the truck and bus maker had actually falsified emissions information returning to2003
The heads of the 4 business will hold a joint press conference in Tokyo at 4: 30 p.m. (0730 GMT).
