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2w ago

Daimler Truck and Toyota Finalize Merger of Fuso and Hino Ahead of 2026 Tokyo Listing

By combining their Asian operations under Karl Deppen, the new holding seeks to leverage scale advantages to drive the trucking industry’s carbon reduction efforts.

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fuso ecanter next generation e lkw electric truck 2024 01 min
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Overview

  • The holding company will be listed on the Tokyo Stock Exchange, with Daimler Truck and Toyota each holding 25 percent and the remaining shares available to outside investors.
  • Operations are set to begin in April 2026 with a workforce of about 40,000 employees.
  • Karl Deppen, currently Asia CEO of Daimler Truck, has been appointed chief executive of the merged venture.
  • The partners plan to integrate research, procurement and production to achieve scale benefits and accelerate the shift to low-emission trucks.
  • The deal marks the end of the World AG strategy initiated by former Daimler chief Jürgen Schrempp and reshapes the Asian commercial vehicle landscape.