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Hino Motors ( (JP:7205) ) has issued an update.
Hino Motors, Ltd. has announced a business integration with Mitsubishi Fuso Truck and Bus Corporation to form a new company named ARCHION. This integration aims to enhance the competitiveness of Japanese truck manufacturers by promoting environmentally friendly vehicles and improving operational efficiencies. The collaboration involves equal integration in commercial vehicle development, procurement, and production, with Daimler Truck and Toyota each owning 25% of the new entity. The initiative is expected to strengthen the foundation of the Japanese and Asian automotive industries, contributing to a prosperous society through advanced mobility solutions.
The most recent analyst rating on (JP:7205) stock is a Hold with a Yen373.00 price target. To see the full list of analyst forecasts on Hino Motors stock, see the JP:7205 Stock Forecast page.
More about Hino Motors
Hino Motors, Ltd. operates in the automotive industry, focusing primarily on the production of commercial vehicles such as trucks and buses. The company is committed to enhancing mobility solutions and is part of the Toyota Motor Corporation group, with a market focus on improving operational efficiencies and competitiveness in the Japanese and Asian automotive sectors.
Average Trading Volume: 4,686,716
Technical Sentiment Signal: Sell
Current Market Cap: Yen218.6B
For detailed information about 7205 stock, go to TipRanks’ Stock Analysis page.