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Does Daimler own Mitsubishi Fuso?
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Jan 18, 2024 · MFTBC majority shareholder Daimler Truck increased Group unit sales by 1% in 2023 for 526,053 units (2022: 520,291 units), despite supply chain bottlenecks. Sales of battery-electric vehicles jumped by 277% to 3,443 units.
Mar 22, 2023 · Based in Kawasaki, Japan, Mitsubishi Fuso Truck and Bus Corporation (MFTBC) is one of Asia’s leading commercial vehicle manufacturers, with 89.29% of its shares owned by Daimler Truck AG and 10.71% by various Mitsubishi group companies.
Daimler AG acquired a 43 percent shareholding in Mitsubishi Fuso in 2003, as a spin-off of Mitsubishi Motor Corporation’s Truck & Bus Division. Since 2011, Daimler has held a stake of just under 90 percent.
Daimler Truck has held a share of almost 90 percent since 2011. FUSO trucks are manufactured in Kawasaki (Japan), Ordagam (India) and Tramagal (Portugal). FUSO buses are manufactured in Toyama (Japan). In addition, FUSO vehicles are assembled on site at 16 CKD sites worldwide.
May 30, 2023 · Daimler Truck and Toyota struck a preliminary deal to merge their subsidiary Mitsubishi Fuso and Hino truck brands to accelerate development on new commercial EV trucks and technology.
May 30, 2023 · The companies said Mitsubishi Fuso Truck and Bus Corp., whose top stakeholder is Daimler Truck, and Hino Motors, the truck maker in the Toyota group, will merge.
May 30, 2023 · Daimler Truck Holding AG ("Daimler Truck") Mitsubishi Fuso Truck and Bus Corporation ("MFTBC"), Hino Motors Ltd. ("Hino") and Toyota Motor Corporation ("Toyota") today concluded a Memorandum of Understanding (MoU) on accelerating the development of advanced technologies and merging MFTBC and Hino.
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