The beginning of the ARCHION story, merging the FUSO and Hino brands

Daimler Truck transferred Mitsubishi Fuso Truck & Bus Corporation into newly established ARCHION Corporation as of April 1st, 2026. As announced in October 2025, Mitsubishi Fuso and Hino, subsidiary of Toyota, merged into the brand-new company, which began operations in Tokyo with an integrated structure for development, procurement and production.

In terms of shares, ARCHION as the holding company owns 100% of the shares of both Hino and Mitsubishi Fuso. Daimler Truck and Toyota are each planning to retain about 25% ownership stake in ARCHION and to remain long-term strategic shareholders. Moreover, the former Trucks Asia segment of Daimler Truck is reported as discontinued operation for Q1 2026. Daimler Truck’s focus is therefore placed on continuing operations, both in internal management and consequently in external reporting.As stated by Daimler Truck, “ARCHION aims to become a new leading commercial vehicle company in Asia by combining the strengths built up over decades by both Mitsubishi Fuso and Hino”.

Let’s get familiar with the ARCHION brand

Indeed, the new Group starts with a structure designed to consolidate development, procurement, production and logistics. Karl Deppen takes office as President & CEO (Representative Director) of ARCHION and ended his mandates on the Daimler Truck Board of Management effective March 31, 2026.

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“Today marks a significant milestone for the commercial vehicle industry in Asia. With the merger of two of Japan’s most respected brands — Mitsubishi Fuso and Hino — we are bringing together the strengths of both entities to form a powerful new company”, stated Karin Rådström, President and CEO of Daimler Truck. “The new leadership team, headed by Karl Deppen, brings both the expertise and the determination needed to guide the integration successfully and to create sustainable value for Daimler Truck. Karl Deppen is a highly experienced international leader with deep expertise in the commercial vehicle industry and a proven track record across Asia. He combines a strong focus on people and performance with a comprehensive understanding of the commercial vehicle industry.”