Jump to content


SEARCH

1

Toyota to purchase all shares in Daihatsu by August 2016

By Faiming_low on 30 Jan 2016

Attached Image Toyota, which currently owns 51.2 percent of Daihatsu's stock, is set to purchase the remaining shares of Daihatsu by August 2016, making the small vehicle brand a wholly-ownerd subsidiary of the world's largest car maker.

The buyout, which is said to be worth around $4.27 billion, will allow Toyota to adopt a unified strategy in the small car segment. As such, Daihatsu will take the lead in developing the model range for the small cars for both brands.

Expect lots of shared technologies and operations in many markets in the not too distant future for both brands. But Toyota will make sure both brand's identity will be kept distinct even though parts and platforms will be shared.

Viewed: 1,362 times

Faiming_low
Written by Faiming_low
Since young, Fai Ming has always centered his life around cars. In fact his first word was 'car' and not 'mum' or 'dad'. Aren't kids cute?



  • 1
Fett Feb 05 2016 10:04 AM

Oh, the whole time i thought the already owned Daihatsu

  • 1
 
Car Makes

Please select a car make

Facebook Likes
   Featured Blog Post
Photo
The new Mercedes-AMG A 35 will sit below the A 45 in the A-Class line-up, rivalling the Audi S3 a...
POPULAR BLOG POSTS
Photo
Toyota will be building a hypercar to rival cars like the Mercedes-AMG Project One and Aston Mart...
Photo
Ian Kettle joins other tesla car designers like Julien Bilodeau from Porsche and WooTak Kim from...
Photo
Presented in August 1978 by Mercedes and Bosch, the anti-lock braking system or ABS as it is more...
Photo
The Land Transport Authority (LTA) announced on Tuesday that it has granted a full-fledged taxi s...
Photo
The BMW 3 Series debuted more than 40 years ago. We have our first real look at the car as well a...
   Lifestyle Articles