# Toyota and Daimler Truck to merge Hino and Mitsubishi Fuso

Toyota Motor Corp. and Daimler Truck have signed a basic agreement to merge their truck subsidiaries, Hino Motors and Mitsubishi Fuso, into a single company to accelerate development of advanced technologies.

- Type: Acquisition
- Announced: 2023-05-30
- Status: announced
- Products: trucks
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Toyota Motor](https://endata.com/companies/962.md)
- [Daimler Truck AG](https://endata.com/companies/26930.md)
- [Hino Motors](https://endata.com/companies/24248.md) (target)
- [Mitsubishi Fuso](https://endata.com/companies/70541.md) (target)

## Sources

- [autonews.com](https://www.autonews.com/manufacturing/toyota-daimler-merger-truck-brands-hino-mitsubishi-fuso/), 2023-05-30: "The leaders of Daimler Truck, Mitsubishi Fuso, Hino and Toyota Motor Corp. conclude a basic agreement on accelerating development of advanced technologies by merging Mitsubishi Fuso and Hino Motors."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.