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.
Volkswagen Group Africa (VWGA) has completed the second phase of its solar photovoltaic (PV) carport project in the employee car park and service centre at the Kariega manufacturing plant, further demonstrating its focus on renewable energy and sustainable manufacturing.
The G20 Summit may have ended, but its influence on South Africa’s aftermarket tyre and parts sector is only beginning to take shape.
South Africa’s macroeconomic landscape presented a rare alignment of positive shifts in inflation, fuel pricing, fiscal credibility and monetary policy in November, with each contributing to improved affordability and confidence across households and firms.
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Have you ever noticed that anybody driving slower than you is an idiot, and anyone going faster than you is a maniac?
George Carlin
The G20 Summit may have ended, but its influence on South Africa’s aftermarket tyre and parts sector is only beginning to take shape.
South Africa’s macroeconomic landscape presented a rare alignment of positive shifts in inflation, fuel pricing, fiscal credibility and monetary policy in November, with each contributing to improved affordability and confidence across households and firms.
South Africa’s new-vehicle market delivered another month of strong performance in November, continuing the trend for the last 12 months.
