Daimler Truck, Mitsubishi Fuso, Hino and Toyota Motor Corporation conclude definitive agreements on integrating Mitsubishi Fuso and Hino Motors
- Daimler Truck and Toyota Motor Corporation pleased to announce conclusion of Definitive Agreements to integrate Mitsubishi Fuso and Hino on equal footing
- Bundling forces to establish a new strong Japanese truck powerhouse to the benefit of all stakeholders
- New combined company with over 40,000 employees with the scale, resources, and technology leadership to shape the future of the commercial vehicle landscape in the Asia-Pacific region and beyond
- Aiming for new listed holding company to start operations in April 2026
Tokyo/Japan and Leinfelden/Germany―Daimler Truck AG (President and CEO: Karin Rådström, hereafter "Daimler Truck") Mitsubishi Fuso Truck and Bus Corporation (President and CEO: Karl Deppen, hereafter "Mitsubishi Fuso"), Hino Motors Ltd. (President and CEO: Satoshi Ogiso, hereafter "Hino") and Toyota Motor Corporation (President and CEO: Koji Sato, hereafter "Toyota") today concluded Definitive Agreements for the integration of Mitsubishi Fuso and Hino.
Read the entire press release here.
Toyota Motor Europe NV/SA (TME) oversees the wholesale sales and marketing of Toyota, GR (Gazoo Racing) and Lexus vehicles and parts and accessories, as well as Toyota’s European manufacturing and engineering operations. Toyota directly employs over 26,000 people and has invested over EUR 12 billion in Europe since 1990. Its eight European manufacturing plants are located in Portugal, the UK, France, Poland, Czech Republic and Turkey. Today, there are approximately 14.7 million Toyota and Lexus vehicles on European roads, whose drivers are supported by a network of 28 National Marketing and Sales Companies and around 2,800 retail sales outlets in 53 countries (EU, UK, EFTA countries , Israel, Turkey and other Eastern European countries). In 2024, TME sold 1,217,132 vehicles in Europe for a 7.1% market share. For more information, visit www.toyota-europe.com.
Toyota believes that when people are free to move, anything is possible. In the pursuit of "Mobility for All", Toyota aims to create safer, more connected, inclusive and sustainable mobility to achieve its mission of producing “Happiness for All”. In Europe, TME launched the KINTO mobility brand which offers a range of mobility services in 20 countries, and is growing its business-to-business sales of zero-emission fuel cell products and engineering support. Contributing to the UN Sustainable Development Goals, Toyota is working to achieve carbon neutrality in its entire business across Europe. A historic leader in CO2 reduction in Europe, TME aims to achieve 100% CO2 reduction in all new vehicles in Western Europe by 2035 and will continue to offer a full range of electrified powertrains to customers across the region with its hybrid, plug-in hybrid, battery and fuel cell electric vehicles.