Toyota, Daimler-backed truck company kicks off to compete with China rivals
Automobiles
Archion, which integrates Hino Motors and Mitsubishi Fuso, simultaneously lists on Tokyo bourse
Archion CEO Karl Deppen, center, shakes hands with Chief Financial Officer Hetal Laligi, left, and Chief Technology Officer Satoshi Ogiso. (Photo by Yurika Yoneda)
TOKYO — A new holding company for commercial vehicles backed by Toyota Motor and Germany’s Daimler Truck began operations on Wednesday, aiming to strengthen competitiveness and catch up with new mobility technology as Chinese rivals gain ground globally.
