TOKYO (Reuters) - Japanese truck maker Hino Motors Ltd (T:7205), majority-held by Toyota Motor Corp (T:7203), said on Thursday it had agreed to form a strategic tie-up with Volkswagen Truck & Bus GmbH.
The two truck makers will consider cooperating in areas such as diesel and hybrid engines, connectivity and self-driving, Hino said in a statement.
The announcement comes as Volkswagen AG (DE:VOWG_p) aims to list its trucks and buses division in the first quarter of next year, according to two people with knowledge of the matter, as the German automaker considers a broader structural overhaul to boost efficiency.