Something big is happening in the world of trucks… commercial trucks. In a very shocking move, industry giants FUSO and Hino have agreed to enter into a merger.
Fuso and Hino Merger
Taking the lead on the mergers are Daimler Truck Holding AG and Toyota Motor Company, the parent companies of both brands. Both companies signed a Memorandum of Understanding (MoU) in which they state their intent to accelerate the development of advanced technologies for the truck industry.
One example is the further development of CASE technologies and features (Connected / Autonomous & Automated / Shared / Electric) with the goal of cutting down emissions and improving logistics. The MoU states that both companies will have an equal investment in the company that will be made out of the merger. The companies will now be focused on ironing out the details but are hopeful that they can seal the deal by 2024.
