- Daimler Truck and Toyota Motor Corporation pleased to announce conclusion of Definitive Agreements to integrate Mitsubishi Fuso and Hino on equal footing
- Bundling forces to establish a new strong Japanese truck powerhouse to the benefit of all stakeholders
- New combined company with over 40,000 employees with the scale, resources, and technology leadership to shape the future of the commercial vehicle landscape in the Asia-Pacific region and beyond
- Aiming for new listed holding company to start operations in April 2026
Tokyo/Japan and Leinfelden/Germany―Daimler Truck AG (President and CEO: Karin Rådström, hereafter "Daimler Truck") Mitsubishi Fuso Truck and Bus Corporation (President and CEO: Karl Deppen, hereafter "Mitsubishi Fuso"), Hino Motors Ltd. (President and CEO: Satoshi Ogiso, hereafter "Hino") and Toyota Motor Corporation (President and CEO: Koji Sato, hereafter "Toyota") today concluded Definitive Agreements for the integration of Mitsubishi Fuso and Hino.
Collaboration details (main points)
- Mitsubishi Fuso and Hino will integrate on an equal footing and cooperate in the areas of commercial vehicle development, procurement, and production.
- Aiming for new listed holding company to start operations in April 2026
- Daimler Truck and Toyota will each aim to own 25% of the (listed) holding company of the integrated Mitsubishi Fuso and Hino.
- The holding company plans to own 100% of Mitsubishi Fuso and Hino.
- The intention is to list the holding company on the Prime Market of the Tokyo Stock Exchange
- Holding company CEO: Karl Deppen
- Headquarter location: Tokyo (Japan)
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