TRATON and Hino establish a procurement joint venture

29.10.2019: Procurement joint venture “HINO & TRATON Global Procurement GmbH” established as concretion of 2018 Strategic Cooperation Framework Agreement

 
Procurement joint venture “HINO & TRATON Global Procurement GmbH” established as concretion of 2018 Strategic Cooperation Framework Agreement

 
Hino President & CEO Yoshio Shimo: “Provide best products to customers through enhanced global optimum procurement capability”

 
TRATON CEO Andreas Renschler: “Determinedly executing the Global Champion Strategy”





Commercial vehicle manufacturers TRATON GROUP and Hino Motors, Ltd. have reached a further milestone in their strategic partnership aiming to offer customers the highest value: The two companies have established the procurement joint venture “HINO & TRATON Global Procurement” in order to maximize the global procurement synergies between the two companies.



The joint procurement targets a wide range of parts and technologies whose purchasing contracts are made by the two companies. Through this partnership, HINO and TRATON anticipate an increased global footprint, in particular in Europe and Asia, resulting in an expanded supplier base.



Yoshio Shimo, President & CEO of Hino Motors, Ltd.:
“The joint venture is a key milestone of our strategic partnership. It enables HINO to offer products that meet customers` needs faster and appropriately priced. We are also in talks with TRATON about additional areas of collaboration announced in September 2018, which also aims to join forces in the area of electric mobility.“



Andreas Renschler, CEO of TRATON SE and Member of the Board of Management of Volkswagen AG:
“The partnership with Hino is important for our Global Champion Strategy which we continue to determinedly execute. Our customers are going to benefit from an even larger basis of suppliers.”



TRATON holds a 51% stake and Hino 49%, and the joint venture will have offices both in Munich and Tokyo.
Back in 2018 Hino Motors, Ltd. and TRATON signed an agreement, aiming for a mutually beneficial strategic long-term partnership on eye-level. Based on their shared value to "offer customers the highest value", both companies agreed to explore each other's capabilities to cooperate in existing and new technologies as well as in procurement.


   
   

Hiroshi Hashimoto

Permanent-URL: http://www.automobilsport.com/traton-hino-procurement-joint-venture---199723.html

29.10.2019 / MaP

More News

Global demand for Rolls-Royce Bespoke reaches all time high
22.10.2019
    Global demand for Rolls-Royce Bespoke reaches unprecedented new levels    Rolls-Royce Bespoke Collective demonstrates extraordinary skill in interpreting global taste patterns    As record numbers of exceptional handcrafted vehicles leave the Home of Rolls-Royce in Goodwood, West Sussex, three Phantoms more >>
Groupe Renault revises its guidance for FY2019 and pre-announces its Q3 revenues
18.10.2019
Due to an economic environment less favorable than expected and in a regulatory context requiring ever-increasing costs, Groupe Renault revises its guidance for FY2019.•             Published Grou more >>
IMF: Big tech and the future of Finance
17.10.2019
Experts gathered at the International Monetary Fund on Wednesday for a discussion titled “Big Tech and the Future of Finance.” A panel of business, technology and thought leaders discussed opportunities and challenges of technology in more >>
IMF Fiscal Monitor
17.10.2019
The IMF is warning that a ‘synchronized downturn’ in global growth may mean countries need to be prepared for coordinated action, the Fund’s Director of the Fiscal Affairs Department, Vitor Gaspar said at the launch of the Fiscal Monitor report Wednesday in Washington.  more >>
China's vehicle market heading for another decline in 2019, says GlobalData
16.10.2019
  September's China vehicle market was the 15th consecutive monthly decline in China, the world's largest and it's a growing concern for the global automotive sector,David Leggett, Automotive Editor at GlobalData, a leading data and analytics company, offers his more >>
IMF Global Financial Stability Report
16.10.2019
The IMF sees the global economy in a ‘synchronized downswing’ and financial markets need to act now to head off the growing risk, the Fund’s Financial Counselor Tobias Adrian says ahead of the launch of the Global Financial Stability Report (GFSR).  more >>
IMF World Econonic Outlook
15.10.2019
The IMF’s latest World Economic Outlook (WEO) sees the global economy in a “synchronized slowdown” and weakened by rising trade barriers and increasing geopolitical tensions. “The global outlook remains precarious, with a sync more >>
New production record for Automobili Lamborghini
14.10.2019
... in five years Lamborghini Huracán surpasses Gallardo production of ten years In just five years of production Lamborghini Huracán number 14,022 rolls off the assembly line, marking a production milestone for the V10 mo more >>
Toyota Corolla, Lexus UX and hybrid sales lift Toyota to 5.3% market share in Europe
14.10.2019
..., with 838,000 vehicle sales January to September    With a year-on-year rise of 16%, demand for Hybrid Electric models continues to propel TME sales in the first nine months of 2019, increasing TME share to 5.3% in Europe more >>
BMW Group sales growth increases further in September
11.10.2019
BMW deliveries up 4.8% in September - BMW i3 sales climb 21.9% in first three quarters - Rolls-Royce brand maintains strong sales growth - Nota: “Model offensive having real impact also in luxury segment” more >>
Renault José Vicente de los Mozos biographie
11.10.2019
Born in 1962, José-Vicente de los Mozos is graduated from Polytechnic University of Madrid (aerospace engineering) and holds a Master degree in production technics (CESEM business school, Madrid) and an executive degree program from Stanford University. more >>
Renault Olivier Murguet biographie
11.10.2019
Born in 1966, Olivier Murguet is graduated from ESCP-EUROPE Business School.He joined Renault in 1990, working for the Renault Portuguesa Control Division, and subsequently held different management positions at the Sales & Marketing Division more >>
Renault - Clotilde Delbos biographie
11.10.2019
Born in 1967, Clotilde Delbos is graduated from EM Lyon.She began her career in California, then at Price Waterhouse in Paris before joining the Pechiney Group in 1992. She held various positions in France and in Brussels in Internal Audit, Treasu more >>
The Board of Directors of Renault met today to decide on the Group's governance.
11.10.2019
  At this meeting, the Board of Directors decided to end the mandate of Mr Thierry Bolloré as Chief Executive Officer of Renault SA and President of Renault s.a.s with immediate effect.The Board of Directors also decided to a more >>
Toyota Fleet Mobility acquires UK-based Inchcape Fleet Solutions
10.10.2019
    Acquisition of Inchcape Fleet Solutions (IFS) positions Toyota Fleet Mobility (TFM) at the heart of the UK’s full service leasing market    Potential to leverage the strength of Toyota and Lexus products and retail presence, together with IFS’ experience, customer base and multi-brand propositions &nb more >>
Rise in deliveries for Volkswagen Passenger Cars in September
10.10.2019
Volkswagen brand delivers 533,700 vehicles throughout the world in September, 10 percent more than in September 2018  As expected, strong growth in Europe and Germany (45 and 74% percent respectively) following poor figures in September 2018 as more >>
Audi in September: Worldwide deliveries increased by 4.5 percent
10.10.2019
   Around 1,357,100 units delivered since January        Strong growth in Europe in September        Hildegard Wortmann, Member of the Board of Management for Sales and Marketing: “Positive outlook for the last quarter” more >>
Porsche increases deliveries by three percent in the first nine months
09.10.2019
China and USA as growth drivers – Cayenne and Macan remain popularIn the first three quarters of 2019, Porsche AG delivered 202,318 vehicles worldwide. The sports car manufacturer therefore achieved an increase of three percent more >>
Mercedes-Benz achieves new September record and best-ever third quarter
08.10.2019
    223,838 vehicles with the three-pointed star were sold worldwide in September - a new record for this month due to a double-digit growth (+10.4%).    Car deliveries more >>
Appointment of Marc Bocqué, Head of Communications and External Relations of PSA Aftermarket
07.10.2019
In parallel of its current function of Head of Communication, External Relations and Public Affairs of PSA Retail, Marc Bocqué is appointed on October 7, 2019, Head of Communications and External Relations of PSA Aftermar more >>
BMW Brand Sales Increase 6.0% in September
02.10.2019
BMW brand sales totaled 27,467 vehicles in September 2019, an increase of 6.0 percent over the 25,908 vehicles sold in September 2018.  Year-to-date, BMW brand sales in the U.S. are up 3.3 percent.  “With September’s results, we have now more >>
American Honda Reports September Sales Results
02.10.2019
        Three fewer selling days impact American Honda September sales results          Balanced sales of cars and trucks help Honda brand make key share gains despite industry downtrend             ILX continues strong sales gains for Acura more >>
Kia Motors posts global sales of 233,648 units in September
01.10.2019
Kia Motors Corporation announced 233,648 units of global sales for September 2019, a 1.3 percent increase year on year. The Sportage SUV continued its streak as the top selling model with 38,424 units sold worldwide. Sales in Korea saw a more >>
Mitsubishi Motors Announces Production, Sales and Export Figures for August 2019
27.09.2019
            August 2019     Fiscal Year 2019 (19/04~19/08)     Calendar Year 2019 (19/01~19/08) Volume     YoY( more >>
BMW AG brings in younger Board of Management members
25.09.2019
Supervisory Board appoints Ilka Horstmeier and Milan Nedeljkovic- Ilka Horstmeier to be responsible for Human Resources Division - Milan Nedeljkovic to head Production Division - Reithofer: "Managers are more >>
BMW i Ventures Announces Investment in Trifacta.
12.09.2019
BMW i Ventures announced an investment in Trifacta, the global leader in data wrangling.  The new capital will accelerate the company’s continued expansion into new geographies and product areas, in particular expanding upon the company’s use of intelligent automation throughout the platform.     “As we fa more >>
Harris Williams Advises Joe Hudson’s Collision Centers on its Sale to TSG Consumer Partners
10.09.2019
Harris Williams, a global investment bank specializing in M&A advisory services, announces that it advised Joe Hudson’s Collision Centers (JHCC), a portfolio company of Carousel Capital (Carousel), on its sale to TSG Consumer Partners, LLC (TSG). JHCC is more >>
Williams Reports Half Year Results
10.09.2019
Williams Grand Prix Holdings PLC (WGPH, Ticker: WGF1) today announced the Group’s interim results for the six months to 30 June 2019. WGPH is the ultimate holding company of the Williams group of companies, which includes Williams Gra more >>
Porsche increases stake in Rimac to 15.5 percent
06.09.2019
Strengthened strategic partnershipPorsche has increased its stake in technology and sports car company Rimac Automobili to 15.5 percent. In June 2018, the Stuttgart-based sports car manufacturer purchased a 10 percent stake in Rimac. Porsche is now strength-ening the established partnership. The Croatian company develops and produ more >>
Kia Motors posts global sales of 228,871 units in August
03.09.2019
Kia Motors Corporation announced 228,871 units of global sales for August 2019, a 2.1 percent increase compared to the same period last year. Kia’s best-selling model was the Sportage SUV, with 37,775 units sold worldwide in August.  more >>
Mitsubishi Motors Announces Production, Sales and Export Figures for July 2019
29.08.2019
July 2019     Fiscal Year 2019(19/04~19/07)     Calendar Year 2019(19/01~19/07)Volume     YoY(%)     Volume     YoY(%)     Volume     YoY(%)Production     Domestic Production     58,023     110.9     more >>
Groupe Renault commits to tackling inequality by joining G7 Business for Inclusive Growth (B4IG)
23.08.2019
... coalition powered by the OECDCompanies joining forces are investing a combined total of over 1 billion USD in more than 50 current and future initiatives, benefiting 100 million people to date•  B4IG business coalit more >>
Porsche invests in Israeli start-up TriEye
21.08.2019
Future safety technology for automated drivingphoto caption: TriEye founder Uriel Levy, Avi Bakal and Omer Kapach (left to right)Strategic investment: Porsche has acquired a minority stake in the Israeli start-up, TriEy more >>
Lower deliveries for Volkswagen brand in July
14.08.2019
   Volkswagen delivers 489,000 vehicles throughout the world in July, 3.3 percent fewer than in July 2018     At 3.49 million vehicles for the year to date, deliveries by the brand are 3.8 below the prior-year figure     Stable market share in a declining overall market both in July and in the year to date more >>
Daniel Weissland to lead Audi of America as President
14.08.2019
Daniel Weissland, appointed President of Audi of America effective September 1, 2019.       Weissland, after leading VW Group and Audi in Canada, appointed head of more >>
BMW, MINI and Rolls-Royce sales total 183,487, up 1.3%
13.08.2019
- BMW brand sales up 1.6% with 157,062 delivered to customers - BMW X vehicles grow sales 27.2% - Double-digit growth for BMW i3 sales BMW Group sales continued their positive trend in July: worldwide deliveri more >>
Porsche has placed a green Schuldschein of one billion euros
12.08.2019
First transaction of this kind by a car manufacturerPorsche AG has issued the largest green Schuldschein to date with a volume of one billion euros. It is the first transaction of its kind by a car manufacturer: the funds will be u more >>
Audi delivers around 155,350 automobiles in July
09.08.2019
   WLTP extraordinary effects had a major impact on deliveries in prior-year period        Hildegard Wortmann, Member of the Board of Management for Sales and Marketing: “Managed to clearly stabilize sales situation year-on-year”        China up 6.0 percent, setting new reco more >>
SEAT sales go up by 7.8 per cent until July
09.08.2019
    The company delivers 369,500 vehicles in the first seven months of 2019, the highest ever figure in its history    In July, SEAT sells 55,200 cars and exceeds the record volume of 2018    Germany, F more >>
2001-2022 copyright automobilsport.com