Toyota-backed Hino Motors enters into a strategic tie up with VW’s truck & bus unit

The forward looking deal targets the hybrid and self-driving car market.

On Thursday, Japanese truck maker Hino Motors Ltd stated it has formed a strategic tie-up with Volkswagen Truck & Bus GmbH.

Toyota Motor Corp holds a majority stake in Hino Motors Ltd.

The tie-up will enable the Hino Motors to expand in areas such as hybrid engines, self-driving and connectivity.

The move comes in the wake of Volkswagen AG aiming to list its buses and trucks division in the first quarter of 2019, said two sources with knowledge of the matter, with the German automaker aiming at a broader structural overall to boost its efficiency.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s