Toyota’s Hino And Daimler Truck’s Mitsubishi Fuso Merges To Create New Global “Truck Powerhouse”

Toyota’s Hino Motors and Daimler Truck AG’s Mitsubishi Fuso merges to create new global “truck powerhouse”.

Both companies each aim to own 25% of the (listed) holding company of their Japanese commercial vehicle units.

Toyota and Daimler said further details on the nature of the collaboration, will be announced over the coming months.

Toyota Motor Corporation and Daimler Truck AG have finally agreed to merge Hino Motors and Mitsubishi Fuso, with both companies aiming for new listed holding company to start operations in April 2026.

With this collaboration, the four companies is seeking to create a new global “truck powerhouse” to contend with the mounting pressures of new technologies and competition.

In a joint release, Toyota and Daimler Truck said further details on the nature of the collaboration, including the name of the new holding company, will be announced over the coming months.

Hino is a consolidated subsidiary of Toyota while Mitsubishi Fuso is owned by Daimler Truck. Both companies will each aim to own 25% of the (listed) holding company of their Japanese commercial vehicle units.

Karin Rådström, CEO, Daimler Truck :

“We are bringing together two strong partners to form an even stronger company and to successfully shape the decarbonization of transportation. Together, Mitsubishi Fuso and Hino Motors have great potential to leverage scale – and scale is key to win in the technological transformation of our industry.”

Koji Sato, CEO, Toyota : “We believe that the future is for us to build together. Today’s final agreement is not the goal but the starting line. Our four companies, aiming to achieve a sustainable mobility society, will continue to create the future of commercial vehicles together.”

Karl Deppen, CEO, Mitsubishi Fuso and designated CEO of new holding company:

“We are shaping the industry by bundling our strengths. With a strong new company we combine our two trusted brands, our resources, competencies and expertise to even better support our customers in their transportation needs in the future.”

Satoshi Ogiso, CEO, Hino:

“Cooperation among these 4 companies is truly “once-in-a-lifetime opportunity. As a new commercial vehicle company rooted in Japan, we collaboratively create ever better future.”

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