Daim­ler lights Fuso

Herald Sun - Motoring - - Big Wheels -

THE Mercedes Benz Daim­ler Group has tight­ened its con­trol over Mit­subishi Fuso, buy­ing more shares in the Ja­panese truck and bus maker. The Ger­man gi­ant, which is the largest truck­maker in the world, spent $364 mil­lion to in­crease its share of the Kawasaki-based firm from 85 per cent to 89.29 per cent. Ex­perts sug­gest the cap­i­tal in­jec­tion will give Mit­subishi Fuso the cash it needs to more ex­ten­sively de­velop new mod­els. Among its projects, Mis­tubishi Fuso is de­vel­op­ing hy­brid truck technology that could be used across the Daim­ler group.

Cashed up: Fuso’s hy­brid light-duty dump truck.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.