VW AND HINO AGREE STRATEGIC PARTNERSHIP
FUTURE LOGISTICS and transportation, technology and procurement will be just some of the possible areas for cooperation hallmarking a recently signed strategic partnership between Germany’s massive Volkswagen Truck & Bus GmbH and Japan giant Hino Motors Ltd.
The agreement aims to, “build a mutually beneficial strategic long-term partnership on eye-level,” an official joint-statement mirrored by VW Truck & Bus and Hino Motors states. It continues: “Based on their common ideas, both companies will further explore each other’s capabilities to cooperate in logistics and traffic solution research, existing and new technologies as well as in procurement. The evaluation of technology cooperation will focus on conventional powertrains, hybrid and electric powertrains, as well as connectivity and autonomous driving systems.”
A joint Alliance Board has been set up based on the SCFA to discuss the direction of the long-term and eye-level partnership. The Alliance Board pursues a pragmatic approach with a lean organisation and balanced rights for both companies that remain independent, it’s stated.
It comprises the CEOs from both companies as well as additional senior management representatives.