ARCHION Corporation combines the strengths of Hino and Fuso to accelerate zero-emission tech and autonomous driving for sustainable global transport.
Karl Deppen Leads ARCHION as Hino and Mitsubishi Fuso Join Forces
ARCHION Corporation has officially commenced business operations on April 1, 2026, bringing together Hino Motors (Hino) and Mitsubishi Fuso Truck and Bus Corporation (Fuso) under a single holding company listed on the Tokyo Stock Exchange Prime Market under stock code 543 A.
The formation of ARCHION marks the completion of a long-planned integration between two of Japan’s most established commercial vehicle brands, with Daimler Truck and Toyota Motor Corporation, respectively the parent companies of Fuso and Hino, each retaining approximately 25 per cent ownership stakes in the new group.
Headquartered in Shinagawa, Tokyo, ARCHION owns 100 per cent of the shares of both Hino and Fuso, which continue to operate as separate brands under the group structure. The new holding company has established an integrated framework covering development, procurement, production, and logistics, with the stated ambition of becoming the leading commercial vehicle company in Asia.
Karl Deppen assumes the role of President & Chief Executive Officer, having stepped down from his position on the Daimler Truck Board of Management effective March 31, 2026. Hetal Laligi serves as Chief Financial Officer, and Satoshi Ogiso as Chief Technology Officer. Deppen, Laligi, and Ogiso also serve as members of the Board of Directors at ARCHION. Meanwhile, Satyakam Arya continues as President and CEO of Hino, and Franziska Cusumano as President and CEO of Fuso.
Deppen described the merger as bringing together two brands with deep roots, strong technology, and decades of customer trust. “By combining our strong teams, we will be even better equipped to support our customers and partners in Japan, Asia, and the world. As the industry is undergoing severe transformation, we are confident that we can fully leverage our synergies and capabilities to create even better value for our stakeholders,” he said.
For Cusumano, joining ARCHION allows Fuso to go further in terms of technological ambitions by accelerating modular platforms, creating synergies at scale, and delivering greater value to the customers. Arya, on the other hand, framed the collaboration as an opportunity to apply Hino‘s five priorities of governance, people, reliable products, customer value, and progress toward carbon neutrality, adding that the group is “committed to redesigning the future of transportation”.
Karin Rådström, President and CEO of Daimler Truck, said the merger represented a significant milestone for the region’s commercial vehicle industry. “With the merger of two of Japan’s most respected brands, we are bringing together the strengths of both entities to form a powerful new company. ARCHION will be well-positioned to capture future opportunities in the region by harnessing substantial synergies and scale,” she said.
ARCHION has signalled its intention to advance collaboration in zero-emission technologies, including fuel cells, as well as autonomous driving, leveraging the combined capabilities of Hino, Fuso, Daimler Truck, and Toyota. Hino brings to the group its record as the first company in Japan to commercialise Level 4-equivalent autonomous driving in limited areas, while Fuso operates across approximately 170 markets worldwide with production in Japan and Portugal.
“Guided by the vision of ‘Building the Future of Commercial Vehicles Together’ and the mission of ‘Together, we deliver transportation that connects people and goods for a brighter tomorrow’, ARCHION aims to contribute as a trusted partner in realising sustainable transportation and building a prosperous society,” the group stated.
