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World Biz  |  JANUARY 29, 2016 7:12AM

Toyota to make Daihatsu a wholly-owned unit

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Daihatsu Motor Co.'s Mira e:S and other Daihatsu cars are displayed at the company's dealership in TokyoToyota Motor Corp said on Friday it will buy out the rest of mini-vehicle maker Daihatsu Motor Co, a move that will help it leverage the lower-cost brand better.

The world’s largest automaker currently owns 51.2% of Daihatsu, which had the weakest sales performance in the Toyota group last year, lagging behind the Toyota and Lexus brands and truck maker Hino Motors Ltd.

Toyota had flagged the move earlier this week.



 
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