[1/4] Daimler Truck Chief Government Martin Daum speaks throughout a joint information convention in Tokyo, Japan, Might 30, 2023. REUTERS/Kim Kyung-Hoon
HAMBURG, Might 30 (Reuters) – A deal between Daimler Truck (DTGGe.DE) and Toyota Motor Corp (7203.T) to mix their truck models in Japan will give the German group a extra “balanced” market place in Asia and scale back its reliance on China, Daimler Truck’s CEO mentioned on Tuesday.
Throughout a convention name, Martin Daum initially mentioned the tie-up would don’t have any impact on its operations within the Chinese language market. However later when requested whether or not the deal hoped to realize larger independence from China, he mentioned: “You would see that as a consideration for the entire thing.”
Reporting by Jan Schwartz; writing by Matthias Williams, enhancing by Kirsti Knolle
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