Daimler Truck, Mitsubishi Fuso, Hino and Toyota Motor Corporation conclude an MoU on accelerating development of Advanced Technologies and merging Mitsubishi Fuso and Hino Motors
Tokyo, Japan and Leinfelden, Germany, May 30, 2023 - (JCN Newswire) - Daimler Truck Holding AG ("Daimler Truck") Mitsubishi Fuso Truck and Bus Corporation ("MFTBC"), Hino Motors Ltd. ("Hino") and Toyota Motor Corporation ("Toyota") today concluded a Memorandum of Understanding (MoU) on accelerating the development of advanced technologies and merging MFTBC and Hino.
- Tokyo, Japan and Leinfelden, Germany, May 30, 2023 - (JCN Newswire) - Daimler Truck Holding AG ("Daimler Truck") Mitsubishi Fuso Truck and Bus Corporation ("MFTBC"), Hino Motors Ltd. ("Hino") and Toyota Motor Corporation ("Toyota") today concluded a Memorandum of Understanding (MoU) on accelerating the development of advanced technologies and merging MFTBC and Hino.
- - MFTBC and Hino will merge on an equal footing and collaborate in the areas of 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 collaborate on the development of hydrogen and other CASE technologies to support the competitiveness of the new company.