Latest news with #HinoMotors
Yahoo
6 days ago
- Automotive
- Yahoo
Mitsubishi-Fuso launches major global hiring campaign
Japanese commercial vehicle manufacturer Mitsubishi Fuso Truck and Bus Corporation (MFTBC) has launched its largest-ever global 'mid-career' recruitment campaign, involving countries in Asia, the Middle East, and Europe. The company, a majority-owned subsidiary of Germany's Daimler Truck AG, is looking to recruit mainly professional staff ahead of its planned merger with Hino Motors. MFTBC is 89.29%-owned by Daimler Truck AG, with the remaining 10.71% of its shares held by various Mitsubishi group companies. The merger with Hino is scheduled to be formally completed at the end of the current fiscal year, in March 2026. MFTBC confirmed that more than 300 new permanent positions have become available at its operations in Japan, the United Arab Emirates and Portugal, in the areas of research and development (R&D), supply chain and quality management, procurement, international sales and aftersales, IT, finance, legal and compliance, and human resources. The truck-maker said that it aims to strengthen the Fuso brand ahead of the company's merger with Hino, with more jobs expected to be created globally after the merger is completed, as the global commercial vehicle industry tackles the challenges associated with CASE technology trends and driver shortages. MFTBC said it has a diverse global workforce, with staff of more than 65 different nationalities employed in approximately 170 markets worldwide. The company also claims to be the first automaker in Japan to introduce remote working, in 2014, and currently offers employees in Japan the option of 'flex time' and remote working. "Mitsubishi-Fuso launches major global hiring campaign" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Bloomberg
27-06-2025
- Automotive
- Bloomberg
Toyota Sales Hit Third Monthly Record on Japan, US Demand
Toyota Motor Corp. 's sales reached a third straight monthly record in May on strong demand for hybrid vehicles in the US, Japan and China, even as global automakers braced for big losses triggered by President Donald Trump's tariffs on imported cars. Toyota's global sales — including subsidiaries Daihatsu Motor Co. and Hino Motors Ltd. — reached 955,532 vehicles last month, up 8% from a year earlier, the company said Friday. Worldwide production came in at 906,984 units.
Japan Forward
24-06-2025
- Automotive
- Japan Forward
Hino and Mitsubishi Fuso to Merge, Boosting Next-Gen Tech Development
Hino Motors and Mitsubishi Fuso Truck and Bus have finalized an agreement to merge their management. The former is a vehicle manufacturer under the Toyota Motor Corporation Group, while the latter is part of Germany's Daimler Truck Group. Each parent company will invest 25% to create a holding company that will oversee both businesses. The merger is planned to be completed by April 2026. Automakers face growing pressure to develop next-generation technologies like decarbonization and autonomous driving. These innovations require significant investment. This can be challenging for commercial vehicle makers with lower production volumes to manage alone. By merging, the two companies aim to streamline development and combine the strengths of their four organizations, including the parent companies. Their goal is to boost competitiveness both in Japan and globally. Logos of Hino Motors and Mitsubishi Fuso Truck and Bus One promising area is hydrogen technology for clean energy. While electric vehicles (EVs) are central to decarbonizing passenger cars, adapting EVs for large commercial vehicles is difficult. These vehicles often need to travel long distances, which requires heavy and bulky batteries. Toyota is a world leader in hydrogen fuel cell vehicle (FCV) technology, and Daimler Truck is also advancing FCV trucks. Toyota is further exploring hydrogen engine vehicles as part of its decarbonization strategy. Large commercial vehicles frequently operate on fixed routes between logistics hubs. This makes it easier to build the hydrogen refueling infrastructure needed — a key challenge for hydrogen adoption. Additionally, the shortage of drivers is pushing commercial vehicles toward adopting autonomous driving technology faster than passenger cars. With global development underway, the goal is to accelerate practical use by leveraging the parent companies' expertise. Hino and Mitsubishi Fuso initially agreed on management integration in May 2023. However, the final contract, originally set for March 2024, was delayed due to Hino's engine certification fraud scandal. During this roughly two-year delay, Chinese manufacturers have made significant advances in commercial vehicles. At the same time, environmental regulations overseas have tightened. Falling behind in next-generation technology development could threaten both companies' strong positions in the Asian market. ( Read the article in Japanese . ) Author: The Sankei Shimbun
eNCA
11-06-2025
- Automotive
- eNCA
Toyota and Daimler to merge truck subsidiaries
TOKYO - Shares in Hino Motors, the truck-making unit of Japanese auto giant Toyota, plunged on Wednesday after it announced a merger with a subsidiary of Germany's Daimler Truck. The move is seen as an attempt to stay competitive at a time when global automakers are faced with US trade tariff uncertainty and new Chinese rivals. The companies had said Tuesday that the integration of Hino and Daimler's subsidiary Mitsubishi Fuso Truck and Bus would "establish a new strong Japanese truck powerhouse". They said they aimed to complete the merger, on an equal footing under a listed holding company, by April 2026. Hino Motors shares were down more than 12 percent in morning trade on Wednesday. "Daimler Truck and Toyota will each aim to own 25 percent of the (listed) holding company of the integrated Mitsubishi Fuso and Hino," a joint statement said. "The companies aim to improve business efficiency in areas such as development, procurement and production," it said. "They expect to significantly enhance the competitiveness of Japanese commercial vehicle manufacturers and strengthen the foundation of the automotive industry in Japan and Asia." The new company will work to develop models using new fuels and technologies, from electric trucks and hydrogen-powered trucks to autonomous driving systems. Analysts say Japanese firms have lost ground in the EV market in recent years by focusing more on hybrid vehicles, industry analysts say.
NHK
11-06-2025
- Automotive
- NHK
Hino, Mitsubishi Fuso to integrate management next April
Two major Japanese truck and bus makers have completed a merger agreement. Hino Motors and Mitsubishi Fuso Truck and Bus announced on Tuesday that they will integrate management on equal footing on April 1st next year. Mitsubishi Fuso CEO Karl Deppen will become the CEO of a new holding company. He said, "Strong competition from new, large volume competitors is more fierce than ever. At the same time, we all have to step up significant investment. This is why our industry scale matters and this is why the Japanese market cannot support so many commercial vehicle manufacturers." Under the agreement, Hino Motors and Mitsubishi Fuso Truck and Bus will become wholly owned subsidiaries of the holding company. Currently, Hino is part of the Toyota Motor group, while Mitsubishi Fuso is owned by Daimler Truck. Toyota and Daimler Truck will each hold a 25 percent stake in the new company. Ogiso Satoshi, President and CEO, Hino Motors said, "By combining the expertise and scale of our firms, we will get synergistic business effects on development, procurement and production. The synergy from combining two different cultures will be immeasurable." The two truck and bus manufacturers will work toward achieving carbon neutrality and co-develop next-generation technologies such as automated driving while sharing expertise from each other's specialties. They are aiming to expand their business in Asia and other markets. The two companies had initially planned to complete the merger by the end of 2024. The earlier plan was postponed as Hino had been involved in a scandal over falsified test data. Through the merger, Japan's commercial vehicle industry is expected to realign into two blocs: The Hino-Mitsubishi Fuso group and the Isuzu Motors group.
