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a strategic alliance
Page 20
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• by Cohn Barnett
As predicted in last week's Commercial Motor, Scania and Hino have signed an agreement for a "strategic co-operation" with a view to a long-term business alliance.
There will be no cross ownership element to the deal at present: the first visible step will be Hino's marketing of Scania tractors in Japan. Scania, in turn, will be assessing the possibility of using Hino's seven and eight-litre engines in its own vehicles.
Pooling knowledge of exhaust emissions is another high priority. Nino is well advanced in the field of diesel/electric hybrid drivelines, with more than 100 trucks and buses running in trials. It is also
developing CNG and hydrogenpowered vehicles.
Hino, 50% owned by Toyota, has been Japan's largest medium and heavy truck builder for three decades, belying its UK image as a small-scale tip per specialist. The companies are similarly sized: Hino has 22,600 employees and a €6bn turnover: Scam has 28,300 workers and a €5.7bn turnover.
The agreement is likely to resurrect speculation over who will eventually become Scania's new owner. The three-year period in which Volvo must dispose of its considerable holding in Scania, as decreed by the EC Competition Commission, is now in its final year, Scania itself is currently cash rich, having recently sold its half-share in the Volkswagen Group and Porsche car importers in Sweden as well as its network of car dealerships, realising a total of J.:146m.