Hino Motor Co., a subsidiary of Toyota Motor, and Mitsubishi Fuso Truck Bus Co., primarily owned by Daimler, have agreed to integrate management to form a holding company listed on the Tokyo Stock Exchange in April next year. This move follows the initial announcement of management integration in May 2023 and aims to capitalize on synergies in the commercial vehicle market. The integration is set to enhance collaboration in technology development, particularly in areas like hydrogen cars and autonomous driving. By combining resources, the merged entity expects to dominate the mid- to large-sized truck sector, with Daimler Trucks and Hino having significant market shares. Despite delays due to issues like Hino's engine certification fraud, which led to a hefty sanction, the companies have resolved these matters and are moving forward with the merger. Overall, this strategic integration is seen as a positive step towards strengthening the position of Japanese companies in the global commercial vehicle industry.