Hino, Mitsubishi Fuso announce ARCHION as new integrated company name

Hino Motors and Mitsubishi Fuso Truck and Bus Corporation are proceeding with their business integration, aiming for completion by April 1, 2026. The new holding company, ARCHION, combines "ARCH" and "EON" to symbolize a commitment to the future of transportation. Daimler Truck and Toyota will each hold 25% of ARCHION's shares.

The integration strategy focuses on creating synergy through an "integrated platform strategy," merging platforms for large, medium, and small trucks to enhance product competitiveness, cost efficiency, and timely market introduction. Production facilities will be consolidated from five domestic truck plants to three by the end of 2028: Kawasaki, Koga, and Nitta. Hino's Hamura plant will transfer to Toyota by June 10, 2025, and MFTBC's Nakatsu plant production will be consolidated into Kawasaki.

ARCHION's leadership, effective April 1, 2026, will include Karl Deppen as representative director and chief executive, and Hetal Laligi as representative director and chief financial officer. Satoshi Ogiso, Hino's current representative director and president, is slated to become representative director and chief technology officer. Daimler Truck will retain the right to nominate one board member as long as it holds at least 10% of ARCHION's voting rights.