Toyota’s Hino, Volkswagen’s truck form alliance to cut R&D costs

by SpeedLux
Toyota Hino truck

The truck units of Toyota and Volkswagen are forming an alliance to boost their market positions as commercial automakers face increasing costs to develop lower-emission automobiles and automated driving capabilities.

The strategic tie-up of Toyota subsidiary Hino Motors and Volkswagen Truck & Bus GmbH is the recent in the international vehicle industry, where automakers look forward to jointly tackle the high expenses of developing self-driving vehicles and new transportation services such as ride sharing.

The two truck makers stated on Thursday they will think about collaborating in areas such as diesel and gasoline-electric hybrid engines, connectivity and self-driving technologies, adding their total output could provide economies of scale in research and development (R&D) and also procurement.

“We can join forces and spend R&D money only once instead of twice or three times,” sated Volkswagen Truck & Bus GmbH Chief Executive Officer Andreas Renschler during an event in Tokyo to announce the agreement.

“We see potential to save on our budgets and also to combine our resources to be faster at bringing products to market than we would be alone.”

The companies were not thinking about the possibility of cross- shareholding at the moment, a Hino representative stated.

The tie-up comes following Volkswagen’s purchase of a 16.6 percent stake in Navistar International in 2016. The two partners prepare to release an electric medium-duty truck in North America by next year.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.


SpeedLux is a high-authority automotive blog providing the latest automotive news and reviews. SpeedLux covers everything related to cars, bikes, and motorcycles, from news and reviews, to troubleshooting guides, tips and tricks, and more. SpeedLux was born in 2009 and we have over 20,000 articles published on our blog. We thank all our readers, as well as our partners, without whom we could not have reached this level.


©2009 – 2024 SpeedLux – Daily Automotive News and Reviews. All Right Reserved.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More