May 31, 2023 (MLN): Hino Motors Ltd (Hino), the parent company of Hinopak Motors Limited, Toyota Motor Corporation (Toyota), Mitsubishi Fuso Truck and Bus Corporation (MFTBC), and Daimler Truck have concluded a Memorandum of Understanding (MoU), the company's filing on PSX showed today. 

The aim of this MoU is to accelerate the development of advanced technologies and merge MFTBC and Hino.

Hino, Toyota, MFTBC, and Daimler Truck will collaborate toward achieving carbon neutrality and creating a prosperous mobility society by developing CASE technologies (Connected/Autonomous & Automated/Shared/Electric) and strengthening the commercial vehicle business on a global scale.

Details on the scope and nature of the collaboration including the name, location, shareholding ratio, and corporate structure of the new holding company will be decided over the course of the next 18 months.

Copyright Mettis Link News

Posted on: 2023-05-31T15:29:38+05:00