Daimler Truck and Toyota Motor Corporation have announced further details about their planned merger of Japanese commercial vehicle brands Mitsubishi Fuso and Hino Motors, which will operate under a new holding company named Archion starting 1 April 2026.
The holding company will own 100% of both brands, which will continue to function independently. Daimler Truck and Toyota each plan to hold a 25% stake, with the remaining 50% expected to be listed on the Prime Market of the Tokyo Stock Exchange, although it remains unclear whether it will be offered as free float or taken up by another investor.
Archion’s core strategy will focus on an “integrated platform strategy” to enhance competitiveness while maintaining the identities of both brands. The companies also plan to consolidate development, procurement, production, and logistics functions to reduce duplication and achieve cost savings. “Consolidating development functions allows the reduction of duplicate investments and enables timely integration of product platforms, building a foundation to support future innovation,” Daimler Truck said.
The merger will also involve consolidating Japan’s five truck production plants into three by the end of 2028. Kawasaki, Koga, and Nitta plants will remain operational, while Hino’s Hamura plant will transfer to Toyota, and Mitsubishi Fuso’s Nakatsu plant will integrate into the Kawasaki facility.
Archion will pursue advancements in CO₂ neutrality and logistics efficiency, focusing on CASE technologies – Connected, Autonomous, Shared, Electric – with hydrogen included as part of its zero-emission vehicle strategy. Mitsubishi Fuso currently produces the eCanter battery-electric truck, and Hino is developing battery-electric and fuel-cell drivetrains for multiple markets.
Karl Deppen, long-time Daimler Truck executive and current Fuso CEO, will serve as CEO of Archion. Satoshi Ogiso, CEO of Hino Motors, will become CTO and Executive Director, while Hetal Laligi, CFO of Mitsubishi Fuso, will take the role of Chief Financial Officer and Representative Director. Deppen said, “Today we take the next step to bring our shared vision to life: With Archion, we aim to ‘deliver the future of commercial mobility’ for the benefit of our customers and all stakeholders.” Laligi added, “Our financial ambition for the new Group is rooted in a clear strategy: unlocking the full potential of this integration by realizing synergies and growth opportunities, while continuously working to improve the standalone performance of both companies.”