According to details shared at the press conference, the new Tokyo-based holding company will see Daimler Truck and Toyota each holding a 25% stake, with Hino and Fuso operating as wholly-owned subsidiaries.

This divestment is part of Goodyear's strategic plan to streamline its operations and focus on core business areas. This sale follows Goodyear's recent divestment of its Off-the-Road equipment tyre business to Yokohama Rubber for USD 905 million last year.

Elec City Town buses scheduled to enter service in June.

Procurement of low CO2 emission steel began in April.

The American startup announced a partnership with the Japanese giant for the supply of cylindrical lithium-ion ‘2170’ cells, offering an energy density above 800 watt-hours per litre.

New pickup truck to go on sale in China in late 2025.

The plan is to list a joint holding company in 2026.

Partnership allows Hino to access nationwide charging network in China

Expcted to be the first hydrogen-powered bus on the market.

Acelera powertrains to be used in US-made F-series truck.

Japan’s commercial vehicle market over 2 tons gvw shrank by 11% to 80,450 units in the fourth quarter of 2024 from 90,750 units in the same period of the previous year.

Sales of commercial vehicles over 2 tons gvw in East Asia’s seven main markets, excluding China, declined by 16% to 268,373 in the fourth quarter of 2024 from 319,099 units a year earlier.