Hino
Flash Report: Hino's operating income for the April-June quarter of 2024 increased by 462.9% to JPY 6.4 billion
Hino's FY2024 first quarter financial results were announced.
Sales increased 10.5% YoY to JPY 411.1 billion. This was a JPY 39.1 billion increase over the previous year's JPY 371.9 billion.
Operating income increased 462.9% YoY to JPY 6.4 billion. This was a JPY 5.2 billion increase over the previous year's JPY 1.
Hexagon Purus, Norway secures funding from Canadian authorities to develop EV technology
On July 12, Hexagon Purus secured up to CAD 8.5 million from The Commercial Vehicle Innovation Challenge (CVIC) in British Columbia, Canada. The funds will support labor and capital expenditure to develop further its leading battery electric vehicle technology for the Tern RC8.
The grant is launched under CleanBC Go
Hinopak Motors, Pakistan updates on MFTBC-Hino merger progress and regulatory challenges
In its annual report, Hinopak Motors Limited announced that the definitive agreement for merging Mitsubishi Fuso Truck and Bus Corporation (MFTBC) and Hino Motors was initially targeted to be signed by the end of March 2024, with integration expected to be completed by the end of 2024. However, the process of obtaini
Exro, Canada provides Coil Driver inverter technology to Hino
On June 13, Exro announced that Exro and Hino Trucks are preparing to integrate the Coil Driver inverter technology with the current SD120a propulsion system. This integration allows additional packaging flexibility, improved performance, and greater system efficiency.
Exro stated that it continues to explore togethe
Hino to withdraw from part business at HMM Arkansas plant
On May 31, Hino Motors announced that it decided to withdraw from parts production at its HMM Arkansas plant. The plant in Marion, Arkansas will be closed by the end of 2027.
With 1,300 employees, the facility had produced parts for Hino trucks.
Hino has another 200 employees at its Detroit headquarters and 400 emplo
ACT Expo 2024: Hino, Hexagon Purus introduce zero-emission Tern Trucks in U.S.
On May 20, at the Advanced Clean Transportation (ACT) Expo, Hino Trucks announced they are the exclusive distributor for Tern, a new zero-emission Class 8 truck nameplate born in collaboration between Hexagon Purus, a world leading manufacturer of zero-emission mobility and infrastructure solutions, and Hino Trucks,
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BYD interested in TransMilenio tender and plans for bus assembly in Colombia
On May 2, it was announced that BYD is interested in a tender for electric buses for the Colombian passenger transport company, TransMilenio.
To compete in this tender, BYD has articulated and bi-articulated buses that have already been tested in the country, although BYD is willing to carry out new tests since the c
Flash Report: Hino posted an operating loss of JPY 8.1 billion in its financial results for the full 2023 fiscal year
Hino's FY2023 full-year financial results were announced.
Sales increased 0.6% YoY to JPY 1,516.3 billion. This was a JPY 8.9 billion increase over the previous year's JPY 1,507.3 billion.
Operating loss was JPY 8.1 billion. While the previous year's operating income was JPY 17.4 billion, the company posted an oper
Mitsubishi Fuso and Hino merger to postpone; 4 firms including Daimler Truck and Toyota to continue collaboration
On February 29, Daimler Truck, Mitsubishi Fuso Truck and Bus (MFTBC), Hino Motors and Toyota gave an update on the progress on the collaboration based on the MoU on merging MFTBC and Hino, that was concluded in May 2023.
The parties explained that while the Definitive Agreement for merging MFTBC and Hino was targeted
Hino South Africa to increase solar roof panels in plant for renewable energy
On February 12, Hino South Africa announced that it is making substantial progress in addressing environmental challenges at its manufacturing plant in Prospecton, near Durban. In 2024, it is planning to double the energy output from its solar roof panel project, as well as targeting to divert 81% of factory waste fr