Daimler Truck, Mitsubishi Fuso Truck and Bus Corporation (MFTBC), Hino, and Toyota will collaborate towards achieving carbon neutrality and creating a prosperous mobility society by developing CASE technologies (Connected / Autonomous & Automated / Shared / Electric) and strengthening the commercial vehicle business on a global scale.
Under the MoU, MFTBC and Hino will merge on an equal footing and collaborate in commercial vehicle development, procurement, and production. Daimler Truck and Toyota will equally invest in the (listed) holding company of the merged MFTBC and Hino. They will also collaborate on developing hydrogen and other CASE technologies to support the competitiveness of the new company.
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By joining forces, MFTBC and Hino will create synergies and enhance the competitiveness of Japanese truck manufacturers, helping to strengthen the foundation of the Japanese and Asian automotive industries and contributing to their customers, stakeholders, and society.
Martin Daum, CEO, Daimler Truck, said the planned new company “will be a major force in Southeast Asia” and an important associate of the Daimler Truck family. Karl Deppen, CEO, MFTBC, added, 'This close collaboration will enable us to accelerate the decarbonisation of the transportation industry, creating an even stronger Japanese commercial vehicle manufacturer.'
Satoshi Ogiso, CEO, Hino, on the collaboration, stated that the companies will unite aspirations to “support mobility and contribute to society” and, hand in hand, accelerate advanced technology development to overcome the increasingly fierce global competition.