Arab Today, arab today toyota makes small car unit daihatsu 100owned firm
Last Updated : GMT 15:50:29
Arab Today, arab today
Arab Today, arab today

Toyota makes small car unit Daihatsu 100%-owned firm

Arab Today, arab today

Arab Today, arab today Toyota makes small car unit Daihatsu 100%-owned firm

The deal will give Toyota the world's biggest automaker
Tokyo - AFP

Toyota said Friday it will make its mini-car unit Daihatsu a wholly-owned company with an aim to expand in emerging markets.

The deal will give Toyota -- the world's biggest automaker -- definitive control over a company that battles with rival Suzuki in Japan's domestic mini-car segment, and also strengthen its footing in Southeast Asia.

Toyota will take complete control of Daihatsu by a share exchange expected to be completed in August, the carmakers said in a joint statement.

Their aim is "to develop ever-better cars by adopting a unified strategy for the small car segment", the statement said.

The companies also want to share resources to finance costs for developing next-generation technologies, they said.

The announcement came two days after reports that Toyota and Daihatsu's domestic rival Suzuki are in talks over a partnership focused on making compact cars for emerging markets, sending shares in both companies soaring.

Toyota's plan to make Daihatsu a wholly-owned company is linked to the tie-up talks, the leading Nikkei business daily and other media reported.

Toyota first established a business alliance with Daihatsu in 1967 and made it a subsidiary by taking a majority stake in 1998.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today toyota makes small car unit daihatsu 100owned firm Arab Today, arab today toyota makes small car unit daihatsu 100owned firm

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today toyota makes small car unit daihatsu 100owned firm Arab Today, arab today toyota makes small car unit daihatsu 100owned firm

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday