Hino Motors (TYO:7205) and Mitsubishi Fuso Truck and Bus have resumed merger talks, but financial strain and market shifts remain key hurdles, Nikkei Asia reported Thursday.
Hino, a Toyota (TYO:7203) unit, settled a US engine data scandal in January, clearing a major obstacle. However, its net debt has doubled since 2021 to 257.2 billion yen, with a $1.2 billion fine still due, the report said.
Hino continues to face production setbacks, while rival Isuzu has strengthened its position after acquiring UD Trucks, the newspaper reported.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Price (JPY): $467.10, Change: $-2.2, Percent Change: -0.47%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.