Daimler Truck and Toyota Motor Corporation announced on June 10, 2025, the finalization of a merger agreement for their respective truck units, Mitsubishi Fuso Truck and Bus and Hino Motors. This integration aims to create a new, strong Japanese truck powerhouse.
Under the terms of the agreement, Daimler Truck and Toyota Motor Corporation will each own 25% of the new holding company. This entity will combine the strengths of both brands in vehicle development, procurement, and production.
The new holding company, which will oversee the combined operations of Mitsubishi Fuso and Hino Motors, is slated to be listed on the Tokyo Stock Exchange’s prime market. This merger is expected to enhance competitiveness and drive innovation in the global commercial vehicle industry.
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