Hino Motors, Mitsubishi Fuso Moving Toward Merger, Nikkei Says

Dow Jones

Apr 22, 2025

--Hino Motors and Mitsubishi Fuso Truck and Bus are working on finalizing a merger agreement, Nikkei said it has learned.

--A new holding company for the truck unit is expected to list on the Tokyo Stock Exchange's Prime market, Nikkei reported.

--The merger agreement could be finalized as early as May, with the listing taking place in April of next year, the report said.

--Hino Motors is a unit of Toyota Motors, and Fuso Truck and Bus is a subsidiary of Daimler Truck, according to Nikkei.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

April 21, 2025 18:22 ET (22:22 GMT)

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