Toyota Looks To Buy Remaining Daihatsu Share, Denies Suzuki Alliance
In a move that could help it lower development costs and open up distribution networks in developing markets, Toyota has confirmed that it is considering buying the remaining stake of Daihatsu and making it a wholly-owned subsidiary. Already Toyota hol
In a move that could help it lower development costs and open up distribution networks in developing markets, Toyota has confirmed that it is considering buying the remaining stake of Daihatsu and making it a wholly-owned subsidiary.
Already Toyota holds a 51.2 percent share of Daihatsu, and uses the company’s expertise in kei cars (Japan’s unique 600cc city car class) to develop its own kei competitors.
At the same time, reports have linked Suzuki with Toyota. Like Daihatsu, Suzuki’s expertise extends to micro cars, and thanks to India’s Maruti Suzuki division, unlocks the potential to access India’s growing new car market.
Suzuki