Daimler Truck AG (DTRUY), Mitsubishi Fuso Truck and Bus Corporation, Hino Motors Ltd., and Toyota Motor Corporation (TM) concluded Definitive Agreements for the integration of Mitsubishi Fuso and Hino. Mitsubishi Fuso and Hino will integrate on an equal footing and cooperate in the areas of commercial vehicle development, procurement, and production. They are aiming for the new listed holding company to start operations in April 2026. Daimler Truck and Toyota will each aim to own 25% of the listed holding company of the integrated Mitsubishi Fuso and Hino. The holding company plans to own 100% of Mitsubishi Fuso and Hino. The intention is to list the holding company on the Prime Market of the Tokyo Stock Exchange. The holding company CEO will be Karl Deppen, with the headquarters located in Tokyo. Further details on the scope and nature of the collaboration, including the name of the new holding company, are intended to be announced over the coming months. The deal will proceed to closing subject to approval from the relevant boards, shareholders and authorities.
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