Daimler Truck, Mitsubishi Fuso Truck and Bus Corporation (MFTBC), Hino Motors and Toyota Motor Corporation today concluded a Memorandum of Understanding on accelerating the development of advanced technologies and merging MFTBC and Hino. MFTBC and Hino will merge equally and collaborate in the areas of commercial vehicle development, procurement, and production.
How this works under various anti-trust laws and regulations is unclear to AutoInformed. Details on the scope and nature of the collaboration including the name, location, shareholding ratio and corporate structure of the new holding company will be decided during the next ~18 months. The parties predict signing of definitive agreements in the first quarter of 2024. They aim to close the transaction by the end of 2024. Once all parties involved reach an agreement, they will move forward based on the approval of the relevant boards of directors, shareholders, and authorities. Continue reading







GM Defense and Black Sage Technologies to Work on Drones
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GM Defense and Black Sage Technologies* today announced an agreement to explore the development of a Counter Unmanned Aerial System (C-UAS) for use on GM Defense military vehicles provided to global defense and government customers at the Canadian Association of Defense and Security Industries (CANSEC) 2023 show. The two companies will collaborate on the research, development and market viability of a C-UAS on properties such as the Infantry Squad Vehicle (ISV).
“We understand how critical optionality is for our customers, who look for ways to outmaneuver increasingly complex threats from around the globe,” said Steve duMont, GM Defense president. “Our teaming agreement with Black Sage helps us offer greater flexibility to warfighters while continuing to develop mobility solutions that perform in diverse environments. This collaboration enables GM Defense and Black Sage to leverage the synergies of our respective companies, extend battlefield capabilities and showcase solutions that can drive mission readiness.” Continue reading →