In the future, the new commercial vehicle manufacturer called Archion wants to shake up the market in Asia. This is the name of the holding company that is the result of the merger Daimlertruck subsidiary Mitsubishi Fuso and the Toyota-Daughter Hino is, as both companies in Leinfelden-Echterdingen and Kawasaki announced together. The two companies had announced a long time ago that they wanted to work together in Asia. The founding of the joint venture was announced in June.
The new commercial vehicle manufacturer wants to save a lot of money in the future through the collaboration. “The companies will explore ways to synergize their heavy-, medium- and light-duty vehicle platforms to further increase the competitiveness of their products, realize cost advantages and enable faster product launches.” We also actively work together in the areas of development, procurement, production and logistics.
Merger of production sites
The five Japanese truck production facilities are to be concentrated in three locations by the end of 2028. Hino’s Hamura plant will be transferred to Toyota. Mitsubishi Fuso’s Nakatsu factory will be consolidated into the Kawasaki factory, according to a statement.
The name Archion embodies the essence of “Arches” and stands for the connection between the companies and their stakeholders as well as each other, both companies said. “Eons” (eternities) stands for shaping the future of transport and for a better life for the next generation.
The groups each want to hold 25 percent of the shares in a new listed holding Archion. Around 50 percent of the company should go to investors. The holding company is scheduled to launch in April 2026 and be listed on the Tokyo stock exchange. The new joint venture will hold 100 percent of the shares in Mitsubishi Fuso and Hino.