US EditionTruck units of Toyota and Daimler reach merger deal, first announced two years ago
- Toyota Motor Corporation and Daimler Truck finalized an agreement on June 10, 2025, to merge Mitsubishi Fuso and Hino Motors under a new holding company headquartered in Tokyo starting April 2026.
- The merger follows a memorandum of understanding signed in May 2023 and builds on discussions initiated several years earlier to address industry challenges and improve competitiveness.
- The integration aims to enhance development, procurement, and production efficiency while combining resources to tackle safety challenges, driver shortages, and evolving e-commerce demands.
- Karl Deppen, CEO of Mitsubishi Fuso, will lead the new company, with Toyota and Daimler each owning 25% of the holding company; Deppen said that Mitsubishi Fuso and Hino will unite "on equal footing."
- The merger is expected to strengthen the foundations of Japanese and Asian commercial vehicle industries and accelerate efforts toward decarbonization and technological transformation.
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46 Articles
Toyota and Daimler to merge truck subsidiaries
TOKYO, Japan — Shares in Hino Motors, the truck-making unit of Japanese auto giant Toyota, plunged Wednesday after it announced a merger with a subsidiary of Germany’s Daimler Truck. The move is seen as an attempt to stay competitive at a time when global automakers are faced with US trade tariff uncertainty and new Chinese
Truck units of Toyota and Daimler reach merger deal
The truck divisions of Japan’s Toyota and Daimler of Germany have agreed to merge to form “a new strong Japanese truck powerhouse” to work together in vehicle development, procurement and production. Details, including the scope and specifics of the collaboration, were still undecided. But Hino Motors and Mitsubishi Fuso Truck…
Associated Press News
Truck units of Toyota and Daimler reach merger deal, first announced two years ago
The truck divisions of Japan’s Toyota and Daimler of Germany have agreed to merge to work together in vehicle development, procurement and production.
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