Toyota and Daimler Truck are moving forward with their plan to bring together their truck brands, Mitsubishi Fuso and Hino Motors. The new holding company will be called Archion, and it is set to start operations on April 1, 2026. The two companies first announced their partnership in May 2023 to make it easier to work together in areas like design, production, and electric truck development. They signed their final agreement in mid-2025 and have now shared more details about what’s next.
Archion will own 100 percent of both Mitsubishi Fuso and Hino, but the two will keep operating as separate companies. Toyota and Daimler Truck will each own 25 percent of Archion, while the remaining 50 percent will likely be listed on the Tokyo Stock Exchange’s Prime Market. It’s not yet confirmed whether the shares will be sold to the public or to another investor.
The main goal of Archion is to create a shared truck platform that both brands can use for light, medium, and heavy-duty trucks. This will let them make trucks faster and at lower cost, without losing what makes each brand unique. Both sides will continue to compete in the market but will now share some behind-the-scenes systems.
Archion also plans to merge teams in charge of design, production, and supply. The goal is to remove overlap and make processes more direct. By the end of 2028, their five factories in Japan will be reduced to three: the Kawasaki plant in Kanagawa, the Koga plant in Ibaraki, and the Nitta plant in Gunma. Hino’s Hamura factory will move under Toyota, while Fuso’s Nakatsu site will be merged with the Kawasaki plant.
Leadership for the new company has also been set. Karl Deppen, currently the CEO of Fuso, will lead Archion as its new CEO. Hino’s CEO, Satoshi Ogiso, will become the group’s Chief Technology Officer and Executive Director, while Hetal Laligi from Fuso will be the new Chief Financial Officer. Christian Herrmann and Kiyotaka Ise will serve as non-executive directors.
Aside from combining resources, the new company will focus on developing trucks that use modern technology. Archion plans to work on Connected, Autonomous, Shared, and Electric systems, as well as hydrogen power. Fuso already has the eCanter electric truck and is testing battery swapping for faster charging, while Hino is developing both battery-electric and fuel-cell trucks. With Toyota’s experience in hydrogen, the group aims to create cleaner trucks for more markets. Start your truck hunt the easy way, and see what's available now at TruckDeal.com.ph.
