Hino Motors Ltd has announced a restructuring of its distribution company, Hino Diesel Trucks (USA) Inc. (HDT).
As part of this effort, Hino has entered into an investment agreement with PCP Holdings Inc, a wholly owned subsidiary of Penske Corporation along with its existing partners in HDT. A formal agreement was signed May 24.
HDT 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 HDT has named Derek Kaufman as senior vice-president, sales, marketing and customer support. Kaufman brings 25 years of Heavy Transportation experience to Hino, including roles with Euclid, Freightliner and Penske Corporation.
Hino Diesel Trucks (U.S.A.), Inc. is the U.S. distribution company for Hino Motors Ltd. of Tokyo, Japan. Based in Orangeburg, New York, the Company sells and services Class 4,5,6 and 7 trucks.