Japan’s FTC approves Fuso-Hino merger

Core Viewpoint - Mitsubishi Fuso Truck and Bus Corporation (MFTBC) has received approval from the Japan Fair Trade Commission (FTC) for its planned merger with Hino Motors, allowing both companies to integrate their operations and enhance competitiveness in the global truck market [1][2]. Group 1: Merger Approval - The Japan Fair Trade Commission has completed its review and approved the merger between MFTBC and Hino Motors, confirming compliance with the Anti-Monopoly Act [1]. - The approval enables MFTBC and Hino to proceed with plans to integrate their operations, focusing on technologies, talent, and expertise to strengthen competitiveness [2]. Group 2: Merger Details - A new holding company named Archion Group is set to begin operations on April 1, 2026, following the merger agreement announced in May 2023 [3]. - MFTBC and Hino will merge on an equal footing, integrating their commercial vehicle, procurement, and production operations, with a nine-member board composed of key executives from both companies [3].