Autonomous Trucks
Toyota subsidiary Hino Motors Ltd. and Daimler-owned Mitsubishi Fuso Truck and Bus Corp. have announced a partnership to combine their truck businesses in Japan. By joining forces, the combined company will control 42 percent of the Japanese truck market. Sales in the Japanese truck market are also projected to increase, reaching 66,431 units in 2030 with a CAGR of 2.3 percent. It not only helps Hino Motors recover from the emission scandal but also provides the company with a new identity. Additionally, the partnership strengthens their presence in the evolving truck market, and the knowledge transfer between the companies will streamline operations.