DTSA has noticed the recent media reports regarding the potential merger between Daimler Truck and Toyota and would like to emphasise that some information presented needs to be clarified.
As previously disclosed in our announcement dated 30 May 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 some articles. If any facts requiring disclosure are determined, Daimler Truck will promptly disclose them.
BYD, China’s leading electric vehicle manufacturer, is preparing for a major international push, aiming to sell as many as 1.6 million cars outside its home market next year.
The global filtration manufacturer MANN+HUMMEL has announced a donation of R100 000 to the non-profit organisation Food and Trees for Africa (FTFA) to fund its projects that tackle key environmental issues, including food security, urban greening, and environmental sustainability.
Foton South Africa has extended its bakkie-offering in South Africa with the recent launch of two ranges at the top-end of the line-up.
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A light on my car’s dashboard came on, and instead of fixing the problem, I waited for the bulb to burn out. Crisis solved.
Jarod Kintz
The global filtration manufacturer MANN+HUMMEL has announced a donation of R100 000 to the non-profit organisation Food and Trees for Africa (FTFA) to fund its projects that tackle key environmental issues, including food security, urban greening, and environmental sustainability.
Volkswagen Group has delayed signing off on its multi-billion-euro investment programme, according to reports from German daily Bild.
As global industries face mounting pressure to meet rising demands for innovation, sustainability and meaningful economic contributions, Rosslyn, located north-west of Pretoria, is emerging as a transformative manufacturing hub within South Africa’s automotive landscape.
