Daimler Truck and Toyota announce cooperation on CVs. Mitsubishi FUSO and Hino brands to be merged
A joint press conference was held this morning, with Daimler Truck and Toyota top management outlining the details of the MoU signed. The main target is to jointly develop zero-emission commercial vehicles, with a special focus on hydrogen-powered ones. More into details, Mitsubishi FUSO and Hino will build a globally competitive Japanese commercial vehicle manufacturer.
Daimler Truck and Toyota have established a very important partnership on zero-emission commercial vehicles. Within the agreement, Mitsubishi FUSO and Hino brands will be merged in a single entity on equal footing. According to the official press release, “Daimler Truck, MFTBC, Hino, and Toyota will collaborate toward 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”.
The merging of Mitsubishi FUSO and Hino Trucks
A joint press conference was held this morning, with Daimler Truck and Toyota top management outlining the details of the MoU signed. The main target is to jointly develop zero-emission commercial vehicles, with a special focus on hydrogen-powered ones. More into details, Mitsubishi FUSO and Hino will build a globally competitive Japanese commercial vehicle manufacturer.
At the same time, Daimler Truck and Toyota will equally invest in the (listed) holding company of the merged Mitsubishi FUSO and Hino. “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.
“Changing the future of commercial vehicles”
“This collaboration among our four companies is a partnership for creating the future of commercial vehicles in Japan and the future of mobility society. Our four companies will work together with a shared vision of achieving carbon neutrality by strengthening CASE technologies and of changing the future of commercial vehicles and building the future together by solving social issues”, added Koji Sato, CEO of Toyota Motor Corporation.
