The Car and Truck Fleet and Leasing Management Magazine

Hino Trucks Announces New U.S. Organization With Penske Investment

June 3, 2003

In a move to aimed at increasing its presence in the U.S. truck market, Hino Motors Ltd. announced on May 30, 2003, a restructuring of its distribution company, Hino Diesel Trucks (U.S.A.), Inc.As part of this effort, Hino has entered into an investment agreement with PCP Holdings, Inc., a wholly owned subsidiary of Penske Corp., along with its existing partners in Hino Diesel Trucks, Mitsui & Co., Ltd., Mitsui & Co. (U.S.A.), Inc. A formal agreement was signed on May 24, 2003.Hino will build a nationwide sales and service network that will offer a new line of conventional medium-duty trucks incorporating Hino Diesel engines and American-produced driveline components.As part of the new organization, Hino Diesel Trucks has named Derek Kaufman as senior vice president, sales, marketing, and customer support. Kaufman has 25 years experience in heavy transportation sector, which included positions with Euclid, Freightliner, and Penske Corp. Hino Diesel Trucks sells and services Class 4, 5, 6, and 7 trucks.
Twitter Facebook Google+


Please note that comments may be moderated. 
Leave this field empty:

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.


Fleet Tracking And Telematics

Todd Ewing from Verizon Connect will answer your questions and challenges

View All


Fleet Management And Leasing

Jack Firriolo from Merchants will answer your questions and challenges

View All


Fuel Management

Bernie Kanavagh from WEX will answer your questions and challenges

View All


Sponsored by

Ron Pink was the former fleet manager of Xerox Corp.

Read more

Up Next

More From The World's Largest Fleet Publisher