- Daimler Truck Southern Africa (DTSA) clarifies ongoing exploration of business integration between Daimler Truck and Toyota on merging Mitsubishi Fuso and Hino Motors.
- No decision yet reached on potential merger, updates to follow upon confirmation.
PRETORIA, SOUTH AFRICA – DTSA observed the recent media reports regarding the potential merger between Daimler Truck and Toyota and would like to emphasize that some information presented needs to be clarified. As previously disclosed in our announcement dated May 30, 2023, titled “Daimler Truck, Mitsubishi Fuso, Hino and Toyota Motor Corporation conclude an MoU on accelerating development of Advanced Technologies and merging Mitsubishi Fuso and Hino Motors,” the possibility of a business integration is being explored.
However, as of now, no decisions have been made regarding the final agreement, the timing of the holding company’s IPO, the equity ownership ratio or voting rights ratio in the holding company, or the accounting treatment of the holding company, as mentioned in the articles. If any facts requiring disclosure are determined, Daimler Truck will promptly disclose them.
We kindly ask that you to refer to the above-mentioned official communication from Daimler Truck and Toyota Motor Corporation for accurate information and reporting.
