Mitsubishi Fuso Truck and Bus Corporation and Hino Motors will merge under a new holding company called Archion Corporation, scheduled to begin operations on April 1, 2026.
The integration follows a final agreement reached on June 10, 2025, between parent companies Daimler Truck and Toyota Motor Corporation.
The new company will be headquartered in Tokyo’s Shinagawa Ward, with Daimler Truck and Toyota each aiming to hold a 25% stake. Archion is targeting a future listing on the Tokyo Stock Exchange Prime Market and will own 100% of both Mitsubishi Fuso and Hino shares.
Potential synergies identified
Under the Archion brand, the two manufacturers plan to combine research and development, procurement, production, and logistics operations to strengthen competitiveness and efficiency, and support the integrated platform strategy as its main initiative. According to a news release, the company’s commitment is to enhance business efficiency and sharpen competitiveness through integration, while promoting safe, reliable and environmentally friendly vehicles.
The group also aims to consolidate its five domestic truck manufacturing sites into three by the end of 2028 — Kawasaki, Koga, and Nitta — while transferring Hino’s Hamura plant to Toyota and integrating Mitsubishi Fuso’s Nakatsu operations into the Kawasaki plant.
Mitsubishi Fuso, Hino Motors, Daimler Truck and Toyota will investigate how to synergize their heavy-, medium-, and light-duty vehicle platforms to enhance product competitiveness, improve cost efficiency, and enable faster product launches. The companies claim that utilizing models from both brands will ensure a more comprehensive product portfolio for their customers, while maintaining the characteristics of each brand.
“Today we take the next step to bring our shared vision to life,” said Karl Deppen, designated representative director and CEO of Archion and president and CEO of Mitsubishi Fuso. “With the strong brands Fuso and Hino, we will provide superior products and solutions for our customers and their needs.”
The companies also say synergies will support investment in CASE technologies — connected, autonomous, shared, and electric vehicles — including hydrogen fuel cell development in partnership with Toyota and Daimler Truck.
“Both Mitsubishi Fuso and Hino have built strong relationships with customers in our respective markets. To further strengthen these bonds, it is essential that we continue to refine our products — the key touch points between us, our customers, and society,” added Satoshi Ogiso, designated director and CTO of Archion and CEO of Hino Motors. “By combining the strengths of all four companies, we will accelerate the development of CASE technologies and shape the future of commercial mobility.”
Leadership appointments include Deppen as CEO, Hetal Laligi as chief financial officer, and Satoshi Ogiso, current Hino CEO, as chief technology officer and executive director. Christian Herrmann of Daimler Truck and Kiyotaka Ise will serve as non-executive directors, with additional independent directors to be announced later.
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