Dow Jones reports that Scania Chief Executive Leif Oestling has said in an interview that he doesn’t rule out an equity tie-up with Japanese partner Hino Motors.

The two companies have already announced that they are looking at collaborative measures on technology development and marketing, but an equity tie-up is not currently being discussed.

But Oestling’s response regarding the future was, ‘You never know,’ according to the Dow Jones report.

Under current plans, collaboration between the two companies would allow them to share the high and rising costs of developing environmentally friendly powertrain technology and fill out their respective product line-ups. Hino could supply medium-duty trucks and engines to Scania, the latter providing Hino with heavy-duty product.

Hino is 50% owned by Toyota and is Japan’s largest manufacturer of commercial vehicles. There is a suggestion among analysts that Toyota could, at some point in the future, make a bid for Scania.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.