Daimler Truck Group has completed the integration of Mitsubishi Fuso Truck and Bus Corporation into the newly established holding company ARCHION Corporation.
ARCHION has been listed on the Tokyo Stock Exchange Prime Market as of April 1, 2026, and begins business operations, integrating Mitsubishi Fuso and Hino Motors Ltd.
ARCHION as the holding company owns 100% of the shares of both Hino and Mitsubishi Fuso. Daimler Truck and Toyota are each planning to retain approx. 25% ownership stake in ARCHION and to remain long-term strategic shareholders.
According to the stakeholders, ARCHION aims to become a new leading commercial vehicle company in Asia by combining the strengths built up over decades by both Mitsubishi Fuso and Hino. The new group starts with a structure designed to consolidate development, procurement, production and logistics.
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Karl Deppen takes office as president and CEO (representative director) of ARCHION.
“ARCHION brings together two of Asia's strongest commercial vehicle brands — FUSO and Hino — each with deep roots, strong technology, and the trust of customers built over decades,” says Deppen. “By combining our strong teams, we will be even better equipped to support our customers and partners in Japan, Asia and the world. As the industry is undergoing severe transformation, we are confident that we can fully leverage our synergies and capabilities to create even better value for our stakeholders.”
“Today marks a significant milestone for the commercial vehicle industry in Asia. With the merger of two of Japan’s most respected brands — Mitsubishi Fuso and Hino — we are bringing together the strengths of both entities to form a powerful new company. ARCHION will be well positioned to capture future opportunities in the region by harnessing substantial synergies and scale, with Daimler Truck continuing as a committed shareholder,” says Karin Rådström, president and CEO of Daimler Truck.
The stakeholders also note ARCHION will maximize the extensive production and sales infrastructure cultivated over many years by Hino and Mitsubishi Fuso, combined with the strong competitive advantages created through collaboration with Daimler Truck and Toyota, to optimize development, procurement, and production.
“Fuso stands for innovation, global reach, and a diverse, international team that brings future technologies to the road — from electrification to connected solutions. This is a foundation I am deeply proud of. Building on it, joining ARCHION allows us to go further: accelerating modular platforms, creating synergies at scale, and delivering greater value to our customers. Together with Hino, we are strengthening FUSO’s ability to lead in the next era of commercial vehicles,” says Franziska Cusumano, president and CEO at Mitsubishi Fuso.
“Guided by our mission, ‘We make a better world and future by helping people and goods get where they need to go,’ Hino has been enhancing value to our customers and society through our trucks and buses since our establishment,” adds Satyakam Arya, president and CEO at Hino Motors.
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“Looking ahead, as part of ARCHION group, we are excited to collaborate with Mitsubishi Fuso and move forward with focus on our five key priorities: sound governance and compliance, respect for people and teamwork, reliable products and services, enhanced customer value, and progress toward carbon neutrality. We are committed to redesigning the future of transportation by building trust with our customers, partners, employees and society.”
Today’s closing of the transaction simultaneously involves the deconsolidation of Mitsubishi Fuso from Daimler Truck and the inclusion of the investment in ARCHION using the equity method. The resulting effects on earnings will be allocated to discontinued operations. Conversely, the cash flows accruing to Daimler Truck will be allocated to continuing operations and will have a positive impact on the free cash flow of the Industrial Business.
The former Trucks Asia segment of Daimler Truck is reported as discontinued operation for Q1 2026. Daimler Truck’s focus is therefore placed on continuing operations, both in internal management and consequently in external reporting.
