The previously announced merger of Mitsubishi Fuso and Hino Motors is continuing to evolve, with the two companies announcing a new name, headquarter location and key personnel.
The new holding company will be called ARCHION and will commence operations on April 1, 2026 based on a final agreement concluded on June 10 this year between Daimler Truck and Toyota Motor that will see the group based in Tokyo.
The name ARCHION represents arches and signifies the connection between the companies and their stakeholders, with ‘eons’ representing the creation of the future of transport.
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The shared company aims to deliver the future of commercial mobility and embodies the combined aspiration of Hino, Mitsubishi Fuso, Toyota and Daimler Truck.
The ARCHION Group has also announced the first areas of potential synergy initiatives, including pursuing an integrated platform strategy by combining strengths, enhancing efficiency and competitiveness through scale and growing through business transformation.
The new group has also announced key personnel, with the business establishing a chief technology officer position to develop its future technology roadmap.
Current Hino Motors CEO Satoshi Ogiso has been appointed to the role on top of being the executive director.
Current Mitsubishi Fuso chief financial officer Hetal Laligi has been designed as the CFO and representative director of the new business, while non-executive directors include Sumitomo Riko Company outside director Kiyotaka Ise and Daimler Truck vice president Christian Herrmann.
Today we take the next step to bring our shared vision to life: with ARCHION, we aim to ‘deliver the future of commercial mobility’ for the benefit of our customers and all stakeholders,” Karl Deppen, Mitsubishi Fuso president and CEO and CEO of ARCHION, says.
“With the strong brands FUSO and Hino, we will provide superior products and solutions for our customers and their needs. ARCHION will implement an effective governance model to build trust by promoting transparency, compliance and improving financial performance.”
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