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Japan's Toyota, Isuzu, Hino join in truck technology tie up

Japan city Tokyo president information innovations
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TOKYO – Japanese automakers Toyota, Isuzu and Hino said Wednesday they are setting up a partnership in commercial vehicles to work together in electric, hydrogen, connected and autonomous driving technologies.

Under the deal, Toyota Motor Corp., Japan’s top automaker, and truckmaker Isuzu Motors will each take a 4.6% stake in each other, the three companies said in a joint statement.

Hino Motors is Toyota’s truck division and had been Isuzu’s rival. The three companies combined control 80% of the Japanese truck market.

Toyota, which makes the Camry sedan, Prius hybrid and Lexus luxury models, sold off in 2018 a 5.9% stake in Isuzu that it had bought in 2006.

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