Core Viewpoint - Toyota and Daimler Trucks have reached a final agreement on the operational integration of their subsidiaries, Hino Motors and Mitsubishi Fuso Truck and Bus, driven by the urgency to address decarbonization challenges in the face of stricter environmental regulations and rising competition from companies like BYD and Tesla [1][2]. Group 1 - The agreement was influenced by a sense of crisis regarding decarbonization, with Toyota's president expressing optimism about the integration after a two-year delay [1]. - Hino Motors faced financial difficulties due to compliance issues, leading to the transfer of its Hamura plant to Toyota for approximately 150 billion yen [2]. - Daimler has set a target to reduce CO2 emissions from new large trucks and trailers by 45% by 2030 compared to 2019 levels, with a more stringent goal of 90% reduction by 2040 [2]. Group 2 - Daimler's truck sales are projected to decline to 460,000 units in 2024, a 12% decrease from 2023, despite a 17% growth in electric trucks and buses [3]. - The competitive landscape for commercial vehicles has intensified, with Chinese manufacturers and Tesla emerging as significant players [5]. - Hino has recognized the need for collaboration with European companies to navigate the rapidly evolving market and geopolitical risks [4]. Group 3 - The integration of Hino and Mitsubishi Fuso is seen as a necessary step to enhance competitiveness amid a challenging environment for commercial vehicles [6]. - The delay in forming the new company has heightened the urgency for both companies to focus on the practical application of new technologies [6].