Toyota buys Daihatsu for small-car development
Having acquired a controlling interest in Daihatsu back in 1988, Toyota is now taking it over completely and entrusting it with developing a new generation of small cars.
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Having acquired a controlling interest in Daihatsu back in 1988, Toyota is now taking it over completely and entrusting it with developing a new generation of small cars.
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Toyota's extensive portfolio of subsidiaries includes the brand Daihatsu, a relatively unknown name here in the States. Daihatsu offers a lineup of budget vehicles, mostly hatchbacks, and sells some models, such as the Altis, which is nothing more than a rebadged Toyota Camry. Daihatsu focuses on minicars, often offered at rock bottom pric
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