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 Headquarters inNakahara-ku, Kawasaki,Kanagawa | |
Native name | 三菱ふそうトラック・バス株式会社 |
|---|---|
| Company type | Private |
| Industry | Commercial vehicles |
| Founded | 1932; 94 years ago (1932) 2003; 23 years ago (2003) (Independent) |
| Headquarters | 10 Ōkura-chō,, Japan |
Key people |
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| Products | Buses andtrucks |
| Revenue | $7.6 billion (2010) |
| Owners |
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Number of employees | About 10,000 (December 2015)[1] |
| Parent | Daimler Truck |
| Subsidiaries | Fuso Trucks America |
| Website | mitsubishi-fuso.com |
TheMitsubishi Fuso Truck and Bus Corporation (Japanese:三菱ふそうトラック・バス株式会社,Hepburn:Mitsubishi Fusō Torakku・BasuKabushiki gaisha) is a Japanese manufacturer oftrucks andbuses. It is headquartered inKawasaki, Kanagawa and owned by Germany-basedDaimler Truck.[2]
Fuso derives from the ancientChinese termfusang (扶桑), for a sacred tree said to grow at the spot in the east where the sun rises, and has been used to refer to Japan itself. The actual fuso tree is ahibiscus.
In 1932, the first B46 bus (theFuso) was built at the Mitsubishi Shipbuilding Company's Kobe Works. Two years later (1934), the Mitsubishi Shipbuilding Company was renamedMitsubishi 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:
Two years later (1952):
Products from the companies were distributed by Mitsubishi Fuso Motor Sales because of brand recognition.
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;
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.
In 1970, MFHI signed a joint-venture agreement withChrysler Corporation, establishing theMitsubishi 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 theMitsubishi Lancer.
In 1999, MMC andVolvo joined their truck and bus operations, and Volvo acquired 5% of MMC. Two years later, DaimlerChrysler, formed after Chrysler had merged withMercedes-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).
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 toCerberus Capital Management. The corporation was renamedDaimler AG and the DaimlerChrysler Truck Group was renamedDaimler Truck, with MFTBC part of the latter.
On May 27, 2020, Mitsubishi Fuso Truck of America announced it is 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.[3][4]
In May 2023, Fuso and its parent Daimler Truck signed amemorandum of understanding withHino and its parentToyota for a plan of merging Hino and Fuso into a publicly tradedholding company with "equal investment" from both Toyota and Daimler Truck.[5]
In June 2025, a definitive agreement was reached with an as yet unnamed holding company to list on theTokyo Stock Exchange with Daimler Truck and Toyota each to own 25% of the holding company.[6][7][8]
Fuso trucks are developed and built primarily at these Japanese facilities:
Mitsubishi Fuso Canter work-trucks are manufactured in Indonesia, Egypt,Tramagal (Portugal), the Philippines, Venezuela, Turkey, and Russia. They are marketed in Japan, Europe, Australia, New Zealand, and a number of other Asian countries, as well as in the United States.
Fuso trucks are also manufactured in India at theDaimler India Commercial Vehicles plant inOragadam, nearChennai. Those vehicles are sold in East Africa and Southeast Asia.[17] Mitsubishi Fuso's European marketing and sales headquarters is inStuttgart.
TheMitsubishi Fuso Aero Stardiesel-electric bus is being tested in Japan. According to the company, it can reduce fuel consumption by as much as 30%.[2] The Aero Star uses aseries hybrid drive, where its diesel engine drives anelectric generator to rechargelithium-ion batteries[19] connected to the twoelectric motors with a combined output of 158 kW, which propel the vehicle.[2] Series hybrids are efficient on urban buses.[19] Opposed to the buses theMitsubishi Fuso Canter Eco Hybrid uses a parallel hybrid system with an electricMotor-generator on the transmission input shaft. This system maintains better efficiency gains at higher speeds.
Outside Japan, vehicles manufactured by the corporation are sold in:
A subsidiary ofDaimler Truck | |
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Established 1870 byIwasaki Yataro | ||
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