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Daimler AG boosted its stake in Mitsubishi Fuso Truck & Bus Corp. by about $360 million, to benefit from a recovery in global demand for commercial vehicles, Bloomberg reported Tuesday.

Germany-based Daimler increased its holding in Kawasaki, Japan-based Mitsubishi Fuso to 89.29%, from 85%, the two companies said.

Mitsubishi, whose stake dropped to 10.71%, will remain a “strong” business partner in Japan and internationally, Bloomberg reported, citing Daimler.

Daimler is the parent company of Daimler Trucks North America, which makes Freightliner and Western Star brand trucks.