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)

Nikkei staff writers

May 31, 2023 04:41 JST

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.