Mitsubishi Fuso Truck and Bus Corporation (MFTBC), owned by Germany’s Daimler Truck AG, confirmed that the Japan Fair Trade Commission (FTC) has completed its review of the company’s planned merger with local truck-maker Hino Motors.
MFTBC said in a statement that its planned merger with Hino Motors has been approved by the regulator, after the FTC found that it complies with regulations under the Anti-Monopoly Act.
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The two truck makers are now cleared to move ahead with plans to integrate their operations, including their “technologies, talent, and expertise,” as they look to strengthen their competitiveness in a fast-evolving global truck market. Competition is rising rapidly in this segment as Chinese truck makers continue to expand their global operations.
A new jointly owned holding company, called Archion Group, is scheduled to commence operations on 1 April 2026 – the first day of the next fiscal year, after a merger agreement between the two companies was first announced in May 2023.
MFTBC and Hino stated that they have agreed to merge on an equal footing and integrate their commercial vehicle, procurement, and production operations. The nine-member board of Archion will be composed of key executives from both MFTBC and Hino.
