Daimler Truck (DTG) Collaboration summary

Opening remarks and agenda

• The event marked the joint press conference of Daimler Truck, Mitsubishi Fuso, Hino, and Toyota, announcing a definitive agreement to integrate Mitsubishi Fuso and Hino on equal footing.

• The collaboration is positioned as a historic step to shape the future of commercial vehicles and decarbonize transportation.

Objectives of the partnership

• The integration aims to combine Mitsubishi Fuso and Hino to develop commercial vehicles, collaborate on procurement and production, and accelerate CASE (Connected, Autonomous, Shared, Electric) technologies, including hydrogen.

• The partnership seeks to address industry challenges such as decarbonization, driver shortages, logistics efficiency, and increased competition, while strengthening business foundations in Japan and Asia.

Partner introductions and roles

• Key leaders introduced included Karl Deppen (CEO of the new company and Mitsubishi Fuso), Satoshi Ogiso (CEO of Hino Motors), Karin Rådström (Daimler Truck), and Koji Sato (Toyota Motor Corporation).

• Daimler Truck and Toyota will each hold 25% of the new listed holding company, which will own 100% of Mitsubishi Fuso and Hino, be headquartered in Tokyo, and listed on the Tokyo Stock Exchange.