Toyota, Daimler Truck merge truck manufacturing subsidiaries to spice up margins

The holding firm combining Hino and Mitsubishi Fuso may usher in new administration experience and assist cut back buying prices and growth. Hino Motors was caught in a scandal final yr for misrepresenting years of emissions knowledge throughout engine assessments, making it a significant headache for Toyota, which owns simply over 50 p.c of the truck and bus maker.