Daimler CEO: Toyota truck deal will make us less dependent on Chinese market

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30/05/2023 12:29

HAMBURG, May 30 (Reuters) - A deal between Daimler Truck
 DTGGe.DE  and Toyota Motor Corp  7203.T  to combine their truck
units in Japan will give the German group a more "balanced"
market position in Asia and reduce its reliance on China,
Daimler Truck's CEO said on Tuesday. 
    During a conference call, Martin Daum initially said the
tie-up would have no effect on its operations in the Chinese
market. But later when asked whether the deal hoped to achieve
greater independence from China, he said: "You could see that as
a consideration for the whole thing."
    

 (Reporting by Jan Schwartz; writing by Matthias Williams,
editing by Kirsti Knolle)
 ((matthias.williams@thomsonreuters.com;))