Toyota and Daimler have officially agreed to combine their truck divisions, bringing Hino Motors and Mitsubishi Fuso together under one company. The two brands will work together on electric and hydrogen trucks, aiming to help fleets meet stricter emissions rules and keep up with changes in freight transportation.
The companies signed definitive agreements on June 10, confirming that the new joint venture will be owned equally by Toyota and Daimler Truck. The combined company will focus on electric and hydrogen-powered trucks and other technologies to help fleets move goods more efficiently and with fewer emissions.
In a joint statement, the companies said, “We are confident that this collaboration will bring innovation and help accelerate the development of mobility for both people and goods.”
The new company will keep the Hino and Fuso brand names and be headquartered in Japan. The companies said they will also collaborate on key trucking technology, including battery electric vehicles (BEVs), hydrogen fuel cell trucks, and connected and autonomous driving tools.Â
“This collaboration goes beyond a traditional business merger,” said Toyota Chairman Akio Toyoda. “It’s about building the future of commercial vehicles to support lives and livelihoods.”
The move comes as global shippers, fleet operators, and supply chain leaders look for better ways to move freight while reducing their environmental impact. The companies said they aim to deliver trucks that meet the needs of businesses facing stricter emissions rules and growing demand for sustainable logistics.
