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Investing.com -- Daimler Truck plans to sell its Nakatsu plant in Japan as part of its consolidation strategy with Toyota Motors (TYO:7203), the company announced Thursday.
The sale comes as Daimler consolidates its Mitsubishi Fuso operations at the Kawasaki plant, following the Japanese truck-unit merger with Toyota. Both companies stated they would reduce their manufacturing footprint from five sites to three by the end of 2028 to improve operational efficiency.
As part of the restructuring, Toyota’s Hino Motors’ Hamura plant will be transferred to Toyota, while Mitsubishi Fuso’s Nakatsu plant operations will move to the Kawasaki facility.
A Daimler spokesperson confirmed that no job cuts are expected as a result of the Nakatsu plant sale.
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