Toyota, Daimler Truck, Hino, Mitsubishi Fuso joining forces in ecological technology
German truck maker Daimler, Toyota and two other automakers plan to work together on new technologies, including the use of hydrogen fuel, to help fight climate change
TOKYO AP" target="_self">(AP) — German truck maker Daimler, Japan’s top automaker Toyota and two other automakers said Tuesday they will work together on new technologies, including using hydrogen fuel, to help fight climate change.
The companies said Mitsubishi Fuso Truck and Bus Corp., whose top stakeholder is Daimler Truck, and Hino Motors, the truck maker in the Toyota group, will merge. Daimler Truck and Toyota Motor Corp. will equally invest in the holding company of the Mitsubishi-Hino merger, they said without giving a dollar amount for the deal.
The companies plan to cooperate in reducing carbon emissions and developing other technologies such as autonomous driving, net-connected services and electric vehicles.
“This collaboration among our four companies is a partnership for creating the future of commercial vehicles in Japan and the future of a ‘mobility society,’ said Toyota Motor Corp. Chief Executive Koji Sato.
