With Daimler Truck tie-up, Toyota turns outside to rebuild scandal-hit Hino
Scaling up offers a fighting chance as industry shifts to cleaner technology, partners say
Hino Motors rolled out a diesel-hybrid truck in 2018 as part of efforts to cut vehicle emissions. (Photo by Soma Kawakami)
TOKYO/NAGOYA, Japan -- For Toyota Motor, plans to join forces with Germany's Daimler Truck mark a new stage in efforts to turn around scandal-damaged subsidiary Hino Motors.
Toyota holds a 50.1% stake in Hino. But Hino no longer will be a Toyota subsidiary after it goes under a new holding company alongside Daimler-owned Mitsubishi Fuso Truck and Bus by the end of 2024.
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