Japanese commercial vehicle manufacturers Hino Motors and Mitsubishi Fuso Truck and Bus (MFTBC) on May 30 announced their intention to merge into one holding company. Here it should be recalled that Hino Motors is part of Toyota Motor, and MFTBC is part of Daimler Truck AG.
Mitsubishi Fuso and Hino will merge on a 50/50 basis, Daimler and Toyota will receive equal shares in the new holding company.
It is assumed that the firms will sign the basic agreement by the end of March 2024 and will carry out mutual integration by the end of December next year.
Mitsubishi Fuso and Hino will jointly develop advanced technologies for trucks and buses - in particular, electric and hydrogen power plants.
Japanese Mitsubishi Fuso and Hino decided to team up
