In a major development for the global commercial vehicle industry, a definitive agreement has been reached for the integration of Mitsubishi Fuso Truck and Bus Corporation (MFTBC) and Hino Motors Ltd. (Hino) — both subsidiaries of a common parent company.
According to a disclosure submitted by Hinopak Motors Limited to the Pakistan Stock Exchange, the integration will lead to the establishment of a new publicly listed holding company. This entity will hold 100% ownership of both MFTBC and Hino.
The new structure is expected to see Daimler Truck and Toyota Motor Corporation — the parent companies of MFTBC and Hino respectively — each holding equal ownership stakes in the new holding company. Additional shares will also be issued to the public as part of the entity’s stock market listing.
This strategic merger is poised to streamline operations, boost competitiveness, and reshape the commercial vehicle landscape with enhanced collaboration between two of Japan’s key automotive players. – ER Report
