Toyota Motor Corp. and Daimler Truck Holding AG said Tuesday they will merge their truck subsidiaries in Japan by the end of 2024 to speed up the development of advanced environmental and safety technologies and share the hefty costs.Toyota's subsidiary Hino Motors Ltd., and Mitsubishi Fuso Truck and Bus Corp., a subsidiary of the German company, will operate under a holding company to be set up by the two parent companies.The new company will be listed, though details such as when to go public and what stake Toyota and Daimler will hold after the listing were not disclosed. Hino will no lo…READ FULL ARTICLE
