Toyota And Daimler To Merge Hino And Fuso Truck Businesses Into A Single Unit

[Sulu]

Is this the closest we will get to a merger of Toyota and Mercedes-Benz? Toyota and Daimler Truck will, in effect, be inlaws as their child units, Hino and Mitsubishi Fuso are merged.

Toyota And Daimler To Merge Hino And Fuso Truck Businesses Into A Single Unit | Carscoops

Toyota-owned Hino and Daimler-owned Mitsubishi Fuso will jointly develop and produce future trucks and buses

www.carscoops.com

Toyota Motor Corporation and Daimler Truck agreed on merging Hino Motors and Mitsubishi Fuso Truck and Bus Corporation into a new unit, with the goal of unifying their efforts in commercial vehicle development, procurement, and production.

The companies signed a Memorandum of Understanding on Tuesday, May 30, with the definite agreement set to be signed in the first quarter of 2024, and the transaction to be completed by the end of 2024. The name, location, shareholding mix, and corporate structure of the new company will be decided and announced over the next 18 months. The new entity will be listed on the Japanese stock market, with both parties equally investing in it.

 

[NVlaar]

Is this the closest we will get to a merger of Toyota and Mercedes-Benz? Toyota and Daimler Truck will, in effect, be inlaws as their child units, Hino and Mitsubishi Fuso are merged.

Toyota And Daimler To Merge Hino And Fuso Truck Businesses Into A Single Unit | Carscoops

Toyota-owned Hino and Daimler-owned Mitsubishi Fuso will jointly develop and produce future trucks and buses

www.carscoops.com

hmm interesting. Toyota already have CJPT for the similar goals with Isuzu and now with Daimler.

 

[NVlaar]

Not that most of you guys from US will care about this but for those who are interested: