Daimler Truck and Toyota Motor Corporation have signed definitive agreements for the equal integration of Mitsubishi Fuso and Hino Motors , an alliance that seeks to consolidate a new Japanese force in the commercial vehicle sector, based on collaboration in development, purchasing, and production.
The new company, which will be headquartered in Tokyo and led by CEO Karl Deppen , currently president of Mitsubishi Fuso, will begin operations in April 2026. It will also have more than 40,000 employees and will own 100% of Mitsubishi Fuso and Hino.
Daimler Truck and Toyota, as the driving forces behind this alliance, will each own 25% of the new holding company , which is expected to be listed on the Prime Market of the Tokyo Stock Exchange .
“The integration of Mitsubishi Fuso and Hino is truly historic. We are uniting two strong partners to form an even stronger company and successfully shape the decarbonization of transportation. Mitsubishi Fuso and Hino have great potential to leverage scale, which is key to the technological transformation of our industry. Karl Deppen is an experienced leader who understands the entire value chain of our business, and I am convinced he can take this new company to the next level,” said Karin Rådström, CEO of Daimler Truck.
Regarding operations in Mexico, they assured us that there will be no impact on commercial agreements or customer service . Product support and supply will continue unaffected, preserving the trust of local partners and distributors.
With this merger, the brands seek, among other factors, to consolidate Japan’s leadership in commercial vehicles in the Asia-Pacific region. Regarding the environment, the project aims to build a long-term sustainable mobility society , and the companies are seeking to help solve problems such as carbon neutrality, logistics optimization, and advancements in CASE (Connected, Autonomous, Shared, Electric) technologies, including the use of hydrogen.
Further details, including the official name of the new company , are expected to be announced in the coming months . The closing of the deal is subject to approval by the boards, shareholders, and relevant authorities.
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