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last mo.

Daimler Truck and Toyota Merge Fuso and Hino Into New Asian Truck Company

Set to list in Tokyo by April 2026, the new group will unite 40,000 employees under equal ownership to accelerate zero-emission truck technology.

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Overview

  • The transaction combines Daimler Truck’s Mitsubishi Fuso and Toyota’s Hino Motors into an equal joint venture.
  • Daimler Truck and Toyota will each hold a 25% stake in the publicly traded holding company.
  • The unnamed entity is projected to generate about €15 billion in annual revenue.
  • Karl Deppen, current CEO of Mitsubishi Fuso, is slated to lead the new company.
  • Its development agenda centers on CASE technologies, including electric drivetrains and hydrogen fuel cells, to cut CO₂ emissions and boost logistics efficiency.