The story
Mitsubishi Heavy Industries
In 1932, the first B46 bus (the Fuso) was built at the Mitsubishi Shipbuilding Company's Kobe Works. Two years later (1934), the Mitsubishi Shipbuilding Company was renamed Mitsubishi Heavy Industries (MHI). Three years after that (1937), the MHI motor-vehicle operations at the Kobe Works were transferred to the Tokyo Works. In 1949, the Fuso Motors Sales Company was established.
In 1950, Mitsubishi Heavy Industries was split into three companies:
West Japan Heavy Industries.
Central Japan Heavy Industries.
East Japan Heavy Industries.
Two years later (1952):
West Japan Heavy Industries was renamed to Mitsubishi Shipbuilding and Engineering Company.
Central Japan Heavy Industries was renamed to Shin Mitsubishi Heavy Industries.
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East Japan Heavy Industries was renamed to Mitsubishi Nippon Heavy Industries (MNHI).
Fuso Motor Sales Company was renamed to the Mitsubishi Fuso Motors Sales Company.
Products from the companies were distributed by Mitsubishi Fuso Motor Sales because of brand recognition.
Mitsubishi Fuso Heavy Industries
In 1957, MNHI integrated the Tokyo and Kawasaki Works into the Tokyo Motor Vehicle Works. Seven years later (1964), these three companies merged to form Mitsubishi Fuso Heavy Industries;
Distribution
Mitsubishi Fuso Motors Sales split into two divisions: Shin and Fuso Motors Sales Company.
Sharing a logo, they split the distribution of heavy and light machinery; Shin distributed light machinery branded as Mitsubishi, and Fuso distributed heavy machinery branded as Fuso.
Mitsubishi Motor Company
In 1970, MFHI signed a joint-venture agreement with Chrysler Corporation, establishing the Mitsubishi Motors Corporation (MMC), and MFHI transferred its motor-vehicle operations to MMC.
In 1975, MMC opened the Nakatsu Plant at its Tokyo Motor Vehicle Works; five years later, it opened the Kitsuregawa Proving Grounds. Four years after that, MMC merged with Mitsubishi Motor Sales Company.
In 1985, MMC and Mitsubishi Corporation established the joint-equity company Mitsubishi Trucks of America in the United States. Eight years later, MMC and Chrysler dissolved their equity partnership. The following year, MMC and Mitsubishi joined to design, build, and distribute the Mitsubishi Lancer.
In 1999, MMC and Volvo joined their truck and bus operations, and Volvo acquired 5% of MMC. Two years later, DaimlerChrysler, formed after Chrysler had merged with Mercedes-Benz owners Daimler-Benz, replaced Volvo as MMC's truck and bus partner and MMC renamed the Tokyo Plant the Truck and Bus Production Office (also known as the Kawasaki Plant).
Daimler Truck
In 2003, the Mitsubishi Fuso Truck and Bus Corporation (MFTBC) was established. DaimlerChrysler, Mitsubishi Motors Corporation, and other Mitsubishi companies acquired 43, 42, and 15% shares, respectively, in MFTBC.
In 2005, Mitsubishi Motors Corporation transferred its MFTBC shares to DaimlerChrysler as part of their compensation agreement for financial damages resulting from quality problems and recalls at MFTBC. DaimlerChrysler and the Mitsubishi companies hold shares of 89 and 11%, respectively. In 2006, MFTBC moved its headquarters from Tokyo to Kawasaki-shi, Kanagawa; the following year, DaimlerChrysler sold its majority stake in Chrysler Corporation to Cerberus Capital Management. The corporation was renamed Daimler AG and the DaimlerChrysler Truck Group was renamed Daimler Truck, with MFTBC part of the latter.
On May 27, 2020, Mitsubishi Fuso Truck of America announced it was discontinuing new truck sales. The move is a result of a re-evaluation by Mitsubishi Fuso Truck and Bus Corp. of its business situation in the United States and Canada, according to the announcement, as the company shifts to a service-focused operation in these markets.
In May 2023, Fuso and its parent Daimler Truck signed a memorandum of understanding with Hino and its parent Toyota for a plan of merging Hino and Fuso into a publicly traded holding company with "equal investment" from both Toyota and Daimler Truck.
In June 2025, a definitive agreement was reached with an as yet unnamed holding company to list on the Tokyo Stock Exchange with Daimler Truck and Toyota each to own 25% of the holding company. Archion took ownership of Fuso on 1 April 2026.
From Wikipedia’s article on Fuso (company), shared under CC BY-SA 4.0.5