Daimler Truck and Toyota have finalized agreements to integrate Mitsubishi Fuso and Hino on equal terms, forming a new holding company that aims to enhance efficiency and innovation in the commercial vehicle sector.

Information on the Target

Daimler Truck AG and Toyota Motor Corporation have officially concluded Definitive Agreements to integrate Mitsubishi Fuso Truck and Bus Corporation and Hino Motors Ltd. on equal terms. This strategic collaboration aims to combine their strengths to establish a formidable Japanese truck manufacturer, benefiting all stakeholders involved. The merged entity will encompass over 40,000 employees and intends to become a leader in the commercial vehicle sector, leveraging combined scale, resources, and technological capabilities.

The new holding company is projected to begin operations in April 2026 and aims for a listing on the Prime Market of the Tokyo Stock Exchange. Mitsubishi Fuso and Hino will integrate closely, focusing on joint efforts in commercial vehicle development, procurement, and production.

Industry Overview in Japan

The commercial vehicle industry in Japan plays a crucial role in the economy by facilitating the movement of goods and people, contributing significantly to the nation’s social infrastructure. The integratio