Isuzu Motors Limited (TSE: 7202) and Hino Motors, Ltd. (TSE: 7205) today have come to a basic agreement regarding the joint development of exhaust gas aftertreatment system for diesel engines and cabins of heavy-duty trucks.
This basic agreement will enable the two companies to utilize their respective advanced technologies through the effective and efficient allocation of their engineering resources to reduce cost of meeting global environmental regulations that will become even stricter in the future, and to continue providing customers with better products and services.
Isuzu and Hino have been working jointly on the bus production through J-Bus Limited, a company evenly financed by Isuzu and Hino, and on the supply of truck components. While the two companies will continue business collaboration that is beneficial to the both companies and to their respective customers, the companies are each committed to fair competition, securing of a unique position, and sustainable growth in the truck and bus markets around the world that will see intensified tougher competition in the future.
About Isuzu Motors
Tracing its roots back to 1916 as one of Japan's oldest automakers, Isuzu Motors Limited today strives to be a global market leader in transportation, commercial vehicles, and diesel engines, supporting customers and respecting the environment around the world. For nearly 70 years, Isuzu has been pioneering numerous technological innovations in the diesel engine field. With a cumulative total production of nearly 19 million diesel engines from its foundation, Isuzu is poised for sharpening its edge as the leading diesel manufacturer. For more information, please visit www.isuzu.co.jp.
About Hino Motors, Ltd.
Hino Motors, Ltd. was established in 1942 and has since been developing, manufacturing and marketing trucks and buses and has maintained its position as the number one seller of medium and heavy-duty trucks in Japan since 1973. The company merged with Hino Motor Sales, Ltd., a general sales agent of the company, with effect from October 1, 1999. As Japan's leading truck and bus manufacturer, Hino Motors aims to make a critical global advance. Hino Motors contributes to tomorrow's society, provides technology and expertise concerning safety, environment, and energy issues, and continues as a frontrunner in comprehensive truck and bus manufacture. For more information, please visit www.hino.co.jp.
Isuzu Motors Limited Corporate Communications Dept. Tel: +81-3-5471-1138 Hino Motors, Ltd. Corporate Communications Dept. Tel: +81-3-5419-9320
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