Hino Motors, a subsidiary of Toyota Motor Corporation, and Mitsubishi Fuso Truck and Bus, a Daimler Truck AG affiliate, are currently in negotiations for a merger agreement. The aim is to create a holding company for their truck operations, which they intend to list on the Tokyo Stock Exchange's main board in April 2026, though this detail remains undisclosed by the source. Previously, in May 2023, the two firms had agreed to merge their truck businesses by the end of 2024; however, this deal was subsequently postponed indefinitely in February 2024.