Daimler AG has increased equity in Mitsubishi Fuso Truck and Bus Corporation (MFTBC) by 30 Billion Yen ($ 365 Million).
The objective of the additional investment is to support growth and business expansion as the global commercial vehicle market continues its recovery from the economic crisis. MFTBC comprehensively realigned its operations over the past two years, and now focuses on growth and continuing efficiency as a more integral part of Daimler Trucks. As a result of the equity increase, Daimler’s stake in MFTBC has increased from 85 to 89.29 percent. Mitsubishi group companies now own 10.71% of MFTBC shares, and continue as strong business partners in Japan and international markets.
MFTBC is an integral part of the Daimler Truck Division of Daimler AG. Based in Kawasaki, Japan, MFTBC develops, produces and markets a full line of commercial trucks and buses, which are sold in more than 150 countries around the world. Within Daimler Trucks, MFTBC fulfills a key role as the group’s Asia pillar for light-duty truck competence and Global Hybrid Center.