--Hino Motors and Mitsubishi Fuso Truck and Bus are working on finalizing a merger agreement, Nikkei said it has learned.
--A new holding company for the truck unit is expected to list on the Tokyo Stock Exchange's Prime market, Nikkei reported.
--The merger agreement could be finalized as early as May, with the listing taking place in April of next year, the report said.
--Hino Motors is a unit of Toyota Motors, and Fuso Truck and Bus is a subsidiary of Daimler Truck, according to Nikkei.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
April 21, 2025 18:22 ET (22:22 GMT)
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