Dhaka, June 15 -- German-based commercial vehicle maker Daimler Truck and Japan's automotive giant Toyota have agreed to merge the truck businesses of their Japanese subsidiaries Mitsubishi Fuso and Hino as planned, according to a joint press release on Tuesday.The groups intend to each hold 25% of the shares in a new listed holding company set to launch in April 2026, it said.The holding company will be listed on the Tokyo stock exchange and is set to employ over 40,000 people, led by Karl Deppen, head of Asia at Daimler Truck, according to the statement.The aim of the merger is to "cooperate in the areas of commercial vehicle development, procurement, and production.""We are bringing together two strong partners to form an even stronger c...
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