Mitsubishi Fuso to Close Plants, Cut Jobs in Global Restructuring

Daimler AG is restructuring its Mitsubishi Fuso Truck and Bus Corp. in a shakeup that will see the closure of two plants and the loss of about 2,300 jobs worldwide by the end of 2010.

Daimler says in a statement the realignment addresses structural changes in the truck maker’s business and markets. While Japan remains Fuso’s most important market, the region’s commercial-vehicle market is experiencing a long-term downward trend, with growth potential shifting to developing ...