Hino and Mitsubishi Fuso to Merge: A New Japanese Truck Powerhouse is Born

Source: Daimler

Tokyo, June 11, 2025 — In a landmark announcement for the commercial vehicle industry, Toyota Motor Corporation and Daimler Truck AG confirmed the signing of business integration agreements to merge Hino Motors and Mitsubishi Fuso Truck and Bus Corporation under a newly formed holding company.

The agreement, signed today in Tokyo by the four CEOs, outlines a vision to create a unified Japanese truck company built on trust, collaboration, and two iconic brands. The new entity is expected to launch on April 1, 2026, pending antitrust and governmental approvals. It will be co-owned by Toyota and Daimler Truck, each holding a 25% equity share, and will be listed on the Tokyo Stock Exchange.

The new company will bring together over 40,000 employees, combining talent, expertise, and technological strength to serve customers worldwide.

“I’m honored and humbled to be appointed as the designated leader of this new company. Earning the trust of Toyota and Daimler Truck is both a privilege and a motivation to keep shaping the future of the trucking industry,” said the incoming CEO.