Daimler Truck and Toyota Motor Corporation have finalized plans to merge Mitsubishi Fuso and Hino Motors under a new holding company. This partnership aims to enhance efficiency in development, procurement, and manufacturing, particularly in the transition to electric vehicles. The holding company will equally own shares in both brands, with Daimler Truck and Toyota each holding 25% stakes. The remaining 50% may be floated on the Tokyo Stock Exchange or offered to another strategic investor. The new entity will focus on CASE technologies—Connected, Autonomous, Shared, and Electric—integrating hydrogen as a key component of its strategy. Both Fuso and Hino are already involved in electric and hydrogen fuel cell technologies, aligning with Japan’s national energy goals. The merger is expected to commence operations in April 2026, pending approvals.
— new from electrive.com
