Toyota and Daimler set to combine truck units under new company

TOKYO — Toyota Motor and Daimler Truck AG will combine their truck businesses in Japan and share expertise on using hydrogen and next-generation technologies in commercial vehicles as part of efforts to cut carbon emissions. The businesses of Daimler-owned Mitsubishi Fuso Truck and Bus Corp. and Toyota subsidiary Hino Motors will integrate their operations from… Continue reading Toyota and Daimler set to combine truck units under new company

German Manager Magazin: Daimler Truck and Toyota want to merge truck business in Asia002515

A new heavyweight is emerging in the truck industry under the compulsion for climate-friendly drives: the head of the world’s largest truck manufacturer Daimler trucks, Martin Daum (63), wants large parts of his Asian business with the competitor Toyota fold. The Daimler truck subsidiary Mitsubishi Fuso Truck and Bus is to merge with the Toyota… Continue reading German Manager Magazin: Daimler Truck and Toyota want to merge truck business in Asia002515

Daimler Truck, Mitsubishi Fuso, Hino and Toyota to accelerate CASE tech development, MFTBC and Hino to merge

Daimler Truck Holding AG, Mitsubishi Fuso Truck and Bus Corporation (MFTBC), Hino Motors and Toyota Motor Corporation today concluded a Memorandum of Understanding (MoU) on accelerating the development of advanced technologies and merging MFTBC and Hino. As per the MoU, the four automakers will collaborate toward achieving carbon neutrality and creating a prosperous mobility society… Continue reading Daimler Truck, Mitsubishi Fuso, Hino and Toyota to accelerate CASE tech development, MFTBC and Hino to merge

German Handelsblatt: Commercial vehicles: Major merger in Asia: Daimler Truck and Toyota merge truck business006978

Daimler-Truck-Chef Martin Daum in Tokio In der Lkw-Industrie entsteht unter dem Zwang zu klimafreundlicheren Antrieben ein neues Schwergewicht: Der weltgrößte Lkw-Bauer Daimler Truck und der japanische Toyota-Konzern kündigten am Dienstag an, ihre Nutzfahrzeug-Töchter Mitsubishi Fuso und Hino Motors zusammenzulegen. Hierzu sei eine Absichtserklärung unterzeichnet worden. Geplant sei eine Fusion unter Gleichen, deren Details noch ausgehandelt… Continue reading German Handelsblatt: Commercial vehicles: Major merger in Asia: Daimler Truck and Toyota merge truck business006978

Agri-food giant Olam Group to delay agricultural unit’s SG-Saudi dual IPO

Agri-food giant Olam Group does not expect the dual initial public offering (IPO) of its agricultural unit, Olam Agri, in Singapore and Saudi Arabia to be completed in the first half of this year as originally planned, it said on Tuesday. Shares of the Singapore-based commodity trader fell 6.9% on Tuesday afternoon trade after the… Continue reading Agri-food giant Olam Group to delay agricultural unit’s SG-Saudi dual IPO

German Handelsblatt: Merger: Daimler Truck and Toyota want to merge truck business in Asia006976

A Mitsubishi Fuso Truck and Bus Loader Daimler Truck had recently felt the effects of the great competition in Asia. (Photo: Bloomberg) The commercial vehicle manufacturer Daimler Truck wants to merge large parts of its Asian business with its competitor Toyota. The Daimler truck subsidiary Mitsubishi Fuso Truck and Bus is to merge with the… Continue reading German Handelsblatt: Merger: Daimler Truck and Toyota want to merge truck business in Asia006976

German Handelsblatt: Merger: Daimler Truck and Toyota want to merge truck business in Asia006976

A Mitsubishi Fuso Truck and Bus Loader Daimler Truck had recently felt the effects of the great competition in Asia. (Photo: Bloomberg) The commercial vehicle manufacturer Daimler Truck wants to merge large parts of its Asian business with its competitor Toyota. The Daimler truck subsidiary Mitsubishi Fuso Truck and Bus is to merge with the… Continue reading German Handelsblatt: Merger: Daimler Truck and Toyota want to merge truck business in Asia006976

Toyota, Daimler truck units to combine operations under holding company

[1/2] Employees wearing protective face masks work on the automobile assembly line as the maker ramps up car production with new security and health measures as a step to resume fully operation, during the outbreak of the coronavirus disease (COVID-19), at Kawasaki factory of Mitsubishi Fuso Truck and… Read more TOKYO, May 30 (Reuters) –… Continue reading Toyota, Daimler truck units to combine operations under holding company

Impact of the Metaverse on the Automotive Industry: 2023 Thematic Intelligence Report – Technologies like AR and VR will be Pivotal for Vehicle Safety Training and Testing

DUBLIN, May 29, 2023 /PRNewswire/ —  The “Impact of the Metaverse on the Automotive Industry – Thematic Intelligence” report has been added to  ResearchAndMarkets.com’s offering.  By 2030, the metaverse will be a $626.5 billion opportunity Although the impact of the metaverse on the automotive industry is minor so far, this technology promises to make digital media… Continue reading Impact of the Metaverse on the Automotive Industry: 2023 Thematic Intelligence Report – Technologies like AR and VR will be Pivotal for Vehicle Safety Training and Testing