News

Daimler Truck and Toyota decided to merge Mitsubishi Fuso and Hino

The new truck and bus manufacturer should be set up by the end of 2004

By Redação AutoIndústria | 5/29/23 | Translated by Jorge Meditsch

Daimler Truck and Toyota decided to merge their subsidiaries, Mitsubishi Fuso Truck and Bus Corporation (MFTBC) and Hino Motors. The negotiation should be completed by the end of next year, defining the name of the new company, its localization, shareholding proportion and corporate structure.

The intention of Daimler Truck and Toyota is to create a new company able to develop faster the CASE (connected, autonomous, shared and electric) technologies for commercial vehicles on a global scale – among them hydrogen drive – and also produce its own trucks and buses.

The creation of the new company was announced this Tuesday, 5/30. Daimler Truck and Toyota will invest equal amounts in the merged MFTBC and Hino holding, which will be listed on the Tokyo Stock Exchange.

“There is a great future ahead, and today’s announcement is a key step to make this future work functionally and lead sustainable transportation. The planned new company will be a great force in Southeast Asia and an important associate to the Daimler Truck family”, said Martin Daum, Daimler Truck’s CEO.

“This collaboration between our four companies is a partnership to create the commercial vehicle future in Japan and the future of the mobility society”, added Koji Sato, Toyota Motor Corporation’s CEO.

Considering Hino and Fuso’s current workforce, the new company should have about 45 thousand employees. The two merging companies’ yearly joint revenue is nearly US$ 16 billion.


 

Compartilhar
Publicado por
Redação AutoIndústria

Notícias recentes

Volvo garante cinco estrelas no primeiro Truck Safe do Euro NCAP

Novo protocolo de testes de segurança da organização passa por avaliações dos estágios de um…

% dias atrás

Dulcinéia Brant é a nova VP de compras da Stellantis na região

Ela substitui Juliano Almeida, que terá nova posição global na empresa

% dias atrás

Automec 2025 terá 700 expositores de outros países

É um número 20% superior ao da edição de 2023, também realizada no São Paulo…

% dias atrás

Stellantis apresenta a STLA Frame para veículos grandes

Plataforma a bateria da fabricante promete autonomia de até 1.100 km

% dias atrás

Com fraco desempenho de elétricos, mercado europeu cresce 0,7% em 2024

Ford vai demitir 4 mil trabalhadores na região até 2027

% dias atrás

Mercedes-Benz negocia 480 ônibus para BH

Transporte de passageiros

% dias atrás