The merger between Mitsubishi Fuso and Hino Motors is nearing completion, with Daimler Truck and Toyota Motor set to each hold a 25% stake in the new holding company. The collaboration, scheduled to commence operations in April 2026, aims to boost the competitiveness of Japanese commercial vehicle manufacturers and contribute to a sustainable mobility society.
Initially announced in April, the merger plan involves the formation of a new holding company that will own 100% of both Mitsubishi Fuso and Hino. The company is expected to be listed on the Prime Market of the Tokyo Stock Exchange, with a focus on developing, procuring, and producing commercial vehicles.
The integration of the two companies is seen as a significant step towards enhancing business efficiency and strengthening the automotive industry foundation in Japan and Asia. The collaboration, based on an equal partnership, underscores the importance of commercial vehicles as essential social infrastructure.
The vision shared by the four companies – Daimler Truck, Toyota Motor, Mitsubishi Fuso, and Hino Motors – is to contribute to an affluent society through mobility. The integration is expected to bring about operational synergy and foster a stronger team dynamic, leading to a better future for the commercial vehicle industry.
Hino CEO Satoshi Ogiso expressed enthusiasm about the collaboration, referring to it as a “once-in-a-lifetime opportunity” that will not only create operational synergies but also foster a cultural exchange among the companies involved. The goal is to build a resilient team that can contribute to society and drive innovation in the commercial vehicle sector.
As the merger progresses, further details, including the name of the holding company, will be announced pending approval from boards, shareholders, and authorities. The collaboration between Mitsubishi Fuso and Hino Motors, supported by Daimler Truck and Toyota Motor, is poised to reshape the landscape of the commercial vehicle industry in Japan and beyond.
