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.)
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