Commercial vehicle manufacturer Daimler Truck and Japanese automaker Toyota have listed their Japanese subsidiaries on the Tokyo Stock Exchange under a joint holding company. Shares in Archion were trading at 431 yen (approximately 2.30 euros) on Wednesday. The holding company combines Daimler Truck subsidiary Mitsubishi Fuso with Toyota subsidiary Hino. Daimler Truck stated it expects a total cash inflow of between 1.5 and 2.0 billion euros from the integration. The company plans to reduce its stake in Archion to approximately 25 percent.

Toyota also intends to retain a stake of around one-quarter in Archion. The free float of Archion is expected to rise to at least 35 percent, a prerequisite for a listing on Tokyo's Prime Market.

Toyota and Daimler Truck established the joint holding company in June 2025. The merger of the companies is intended to achieve synergy effects and economies of scale.

(Reporting by Christina Amann, edited by Philipp Krach. For inquiries, please contact our editorial team at Berlin.Newsroom@thomsonreuters.com (for politics and economics) or Frankfurt.Newsroom@thomsonreuters.com (for companies and markets)