Workers wearing protective face masks work on the auto assembly line during the coronavirus outbreak COVID-19 at the factory of Mitsubishi Fuso Truck and Bus Corp.Bus Corp. in Kawasaki, Japan.
Toyota and Daimler truck units combine operations under holding company employee wear protection face masks during the outbreak of the coronavirus disease COVID-19 at the factory of Mitsubishi Fuso Truck and Bus Corp.Bus Corp. in Kawasaki, Japan.
Toyota Motor Corp and Daimler Truck Holding AG 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 Motors Ltd would be combined under a holding company, the company said in a statement.