Dow Jones reports that Scania Chief Executive Leif Oestling has said in an interview that he doesn’t rule out an equity tie-up with Japanese partner Hino Motors.
The two companies have already announced that they are looking at collaborative measures on technology development and marketing, but an equity tie-up is not currently being discussed.
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But Oestling’s response regarding the future was, ‘You never know,’ according to the Dow Jones report.
Under current plans, collaboration between the two companies would allow them to share the high and rising costs of developing environmentally friendly powertrain technology and fill out their respective product line-ups. Hino could supply medium-duty trucks and engines to Scania, the latter providing Hino with heavy-duty product.
Hino is 50% owned by Toyota and is Japan’s largest manufacturer of commercial vehicles. There is a suggestion among analysts that Toyota could, at some point in the future, make a bid for Scania.
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