The main aspects include:

• Mitsubishi Fuso and Hino join forces on an equal footing to collaborate in the areas of commercial vehicle development, procurement and production.
• The newly listed holding company is expected to commence operations in April 2026.
• Daimler Truck and Toyota intend to each hold a 25% stake in the listed holding company of the integrated Mitsubishi Fuso and Hino.
• The holding company intends to hold 100% of Mitsubishi Fuso and Hino.
• The intention is to list the holding company on the Prime Market of the Tokyo Stock Exchange.
• Karl Deppen will become CEO of the holding company.
• The company's headquarters will be in Tokyo, Japan.

Further details about the nature and scope of the cooperation, including the name of the new holding company, are expected to be announced in the coming months. The closing of the transaction is subject to the approval of the relevant bodies, shareholders and authorities.

Commercial vehicles support everyday life by transporting people and goods and are an important form of mobility that can be considered "social infrastructure". With this collaboration, the four companies are embarking on a constructive path to shaping the future of commercial vehicles. Based on a shared desire to "contribute to a prosperous society through mobility", the four companies are continuing their collaboration and are now pleased to announce the exciting next phase.

By integrating Mitsubishi Fuso and Hino Motors, the companies aim to improve economic efficiency in areas such as development, procurement and production. They expect this to significantly increase the competitiveness of Japanese commercial vehicle manufacturers and strengthen the foundation of the automotive industry in Japan and Asia.

The new holding company is intended to contribute to customers, various stakeholders and the automotive industry by contributing to solution finding in areas such as CO2 neutrality and logistics efficiency in commercial vehicles, and it aims to realize a sustainable and prosperous mobility society through the development of CASE technologies ("Connected, Autonomous, Shared, Electric"), including hydrogen, and to strengthen the commercial vehicle business globally.

Company statements:

Karin Rådström, CEO, Daimler Truck: "The integration of Mitsubishi Fuso and Hino Motors, which has now been decided, is truly historic. We are bringing two strong partners together to form an even stronger company and successfully shape the decarbonisation of transport. Together, Mitsubishi Fuso and Hino Motors have great potential to harness economies of scale – which are key to being successful in the technological transformation of our industry. Karl Deppen is an experienced and strong leader who understands the entire value chain of our business. I am therefore convinced that he can take the new company to the next level."

Koji Sato, CEO, Toyota: "We believe that we have to shape the future together. Today's final agreement is not the goal, but the starting point. Our four companies, which are striving for a sustainable mobility society, will continue to shape the future of commercial vehicles together."

Karl Deppen, CEO, Mitsubishi Fuso and designated CEO of the new holding company: "Today is a great day for all our stakeholders. We shape the industry by pooling our strengths. With a strong new company, we are combining our two proven brands, resources, competencies and expertise to better support our customers with their transport needs in the future. I am honoured and excited to be the designated CEO of the new company and grateful for the trust shown and support given by Toyota and Daimler Truck in making this possible."

Satoshi Ogiso, CEO, Hino: "The collaboration between the four companies is a truly "once-in-a-lifetime opportunity". In addition to operational synergies, we can expect immeasurable synergies resulting from the synthesis of our different products. With our common goal, we are confident in building a strong and resilient team that supports each other and contributes to society. As a new commercial vehicle company rooted in Japan, we are working together to build an ever-brighter future."

• As this integration is still in its early stages, Daimler Truck Southern Africa is currently unable to provide specific information regarding the local impact. “However, we are committed to transparency and will share further updates as they become available,” it says.

• Toyota South Africa Motors (TSAM), says it looks forward to the opportunities brought about by the merger between Hino and Fuso as collaboration between four big brands will bring about improved business efficiencies, product development, procurement, and production. “While these opportunities will certainly benefit Hino dealers and customers in Southern Africa, these brands will continue to compete via separate Distribution Channels, with TSAM focusing on the distribution of Toyota, Lexus and Hino products,” TSAM says.