By Nina Kienle
Daimler Truck said it intends to sell its Nakatsu plant in Japan after consolidating its Mitsubishi Fuso operations at the Kawasaki plant, as part of the Japanese truck-unit merger with Toyota Motors.
Daimler and Toyota said Thursday that they would consolidate their manufacturing footprint into three sites from five by the end of 2028, in a bid to achieve efficiencies.
While Toyota's Hino Motors' Hamura plant will be transferred to Toyota as previously announced, Mitsubishi Fuso's Nakatsu plant operations will be transferred and consolidated at the Kawasaki plant, Daimler said. Upon completion, the plant is planned to be sold with no job cuts to be expected, a spokesperson added.
The companies also said the business combining Daimler affiliate Mitsubishi Fuso and Toyota's Hino will be called Archion. Hetal Laligi, current chief financial officer of Mitsubishi Fuso, will take on the role of chief financial officer and representative director of the new company. Satoshi Ogiso, current chief executive of Hino, will take on the position of chief technology officer and executive director, they said.
Both positions will take effect from the planned business commencement on April 1, they said.
The new company aims to boost business efficiency and competitiveness, and streamline development, procurement, production, and logistics, Daimler and Toyota said.
The companies first announced the merger of their Japanese truck units in June, with Karl Deppen heading the new company as chief executive, and both companies targeting a 25% ownership stake.
Write to Nina Kienle at nina.kienle@wsj.com
(END) Dow Jones Newswires
October 09, 2025 03:33 ET (07:33 GMT)
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