Daimler Truck, Mitsubishi Fuso Truck and Bus Corporation (MFTBC), Hino Motors, and Toyota Motor Corporation have announced a Memorandum of Understanding (MoU) to accelerate the development of advanced technologies and merge MFTBC and Hino.
The collaboration aims to achieve carbon neutrality and create a prosperous mobility society by focusing on CASE technologies (Connected/Autonomous & Automated/Shared/Electric) and strengthening the global commercial vehicle business.
Under the agreement, MFTBC and Hino will merge on an equal footing and collaborate in various areas, including commercial vehicle development, procurement, and production. The objective is to establish a globally competitive Japanese commercial vehicle manufacturer. Daimler Truck and Toyota will make equal investments in the holding company of the merged MFTBC and Hino, working together on the development of hydrogen and other CASE technologies to enhance the new company’s competitiveness.
The four companies share a common corporate philosophy focused on contributing to a prosperous society through mobility. They aim to promote the use of environmentally friendly vehicles and increase the value of mobility in social systems worldwide. By joining forces, MFTBC and Hino intend to create synergies and strengthen the competitiveness of Japanese truck manufacturers, bolstering the foundation of the Japanese and Asian automotive industries. Ultimately, this collaboration will benefit customers, stakeholders, and society at large.
“We at Daimler Truck are very proud of our products, because trucks and buses keep the world moving. And soon they will even do so with zero emissions. So there is a great future ahead – and today’s announcement is a crucial step in making that future work economically and in leading sustainable transportation. The planned new company will be a major force in Southeast Asia and an important associate of the Daimler Truck family.” said Martin Daum, CEO of Daimler Truck.