Mitsubishi Fuso and Hino have named their merger holding company Archion and set April 1, 2026 as the planned start of operations.
It includes a cost-cutting plan to consolidate truck manufacturing in Japan to three plants by end-2028 and building shared product platforms to speed model launches and lift profitability.
Archion will be headquartered in Tokyo’s Shinagawa Ward and is slated to be led by Karl Deppen as representative director and chief executive, with Hetal Laligi as chief financial officer and Satoshi Ogiso as executive director and chief technology officer.
The group aims for a Tokyo Stock Exchange prime market listing, with Daimler Truck and Toyota each targeting 25% ownership; Archion would hold 100% of Mitsubishi Fuso and Hino.
The companies will pursue an “integrated platform strategy” across heavy-, medium- and light-duty trucks to expand portfolios under the Fuso and Hino brands while trimming duplicate investment in R&D, procurement, production and logistics.
Domestic truck production will be concentrated at Kawasaki (Kanagawa), Koga (Ibaraki) and Nitta (Ota City, Gunma Prefecture); Hino’s Hamura plant will transfer to Toyota and Mitsubishi Fuso’s Nakatsu operations will be folded into Kawasaki.
“With Archion, we aim to deliver the future of commercial mobility for the benefit of our customers and all stakeholders,” Deppen says.
“With the strong brands Fuso and Hino, we will provide superior products and solutions … promoting transparency, compliance and improving financial performance.”
Meanwhile, Laligi says the group will pursue synergies and growth opportunities. “We aim to elevate financial resilience and performance to peer benchmark level.”
On technology focus areas, the group will push zero-emission vehicles, tapping Toyota and Daimler Truck for fuel-cell capability, and will accelerate autonomous driving and connected mobility using combined fleet data.
“By combining the strengths of all four companies, we will accelerate the development of CASE technologies and shape the future of commercial mobility,” Ogiso says.
The governance slate also includes non-executive directors Christian Herrmann of Daimler Truck and Kiyotaka Ise, with four independent outside directors to be confirmed.
The transaction remains subject to approvals and closing conditions ahead of the 2026 start date.
