Daimler Truck and Toyota to Merge Japanese Truck Units

By Dominic Chopping

Daimler Truck and Toyota Motor will merge their Japanese truck units in a move designed to increase efficiencies in development, procurement and production while boosting competitiveness.

Daimler's Mitsubishi Fuso and Toyota's Hino Motors will be combined under a new holding company and listed on the Tokyo Stock Exchange's prime market, the companies said in a joint statement.

"Together, Mitsubishi Fuso and Hino Motors have great potential to leverage scale--and scale is key to win in the technological transformation of our industry," Daimler Truck Chief Executive Karin Radstrom said.

The companies are aiming for the new listed holding company to start operations in April 2026, with Daimler and Toyota each targeting a 25% ownership stake.

Further details on the scope and nature of the collaboration, including the name of the new holding company, are expected to be announced in the coming months.

Write to Dominic Chopping at [e-mail]

(END) Dow Jones Newswires

06-10-25 0419ET