Toyota Daihatsu Becomes One for $3 Billion to Share Each Other Pluses

Toyota Daihatsu Becomes One for $3 Billion to Share Each Other Pluses

MANILA: Toyota Daihatsu are finally one, the latter has become a fully owned subsidiary of the former, after it paid a whopping price of $3 billion. Well, Daihatsu since 1988 had shared some close ties with Toyota, as back in 1988 it cylindered 51 percent of its controlling power to the auto giant. Now, after twenty-eight years, 100 percent Daihatsu shares are now under Toyota Motor Crop., meaning that Toyota will be taking all its decisions ranging from the minor to major ones.

 Daihatsu cars are displayed at the company's dealership in Tokyo

Now an important piece of information for the Daihatsu shareholders, as per the paperwork and official statements, for each Daihatsu share you will be eligible for 0.26 share of Toyota. Its delisting is most probably planned for July 27, 2016, and the consummation of share exchange is effective from 1st August 2016. And by the end of June when the annual general meeting of Daihastu is planned, exact dates and action will be further clear.

daihatsu-toyota

Both Daihatsu and Toyota will gain from this found relationship, with three key focus area now being small cars, operation and technology. Daihatsu will continue building small compact cars, as the brand is known for the same and will thrive to develop new technologies for the same. At the technology front, Toyota's main focus will remain on developing green, safe, comfortable and user-friendly cars. Daihatsu, on the other hand, will concentrate on building cost-effective and advanced compact cars.

Masanori Mitsui, President Daihatsu said that this new found relationship will enable it grow for 100 more years and let it achieve what it has never been able to since 1951.

Toyota and Daihastu concept car

On the other hand, for Akio Toyoda aka CEO of the Year, “This is an opportunity for us both to stop feeling that we need to go it alone, and trust each other to take full advantage of our respective strengths. In other words, we can now focus on our core competencies. That, I believe, is the key to achieving and sustaining global competitiveness."

Thus, as for now Toyota will engage itself in building crossovers and sport utility vehicles like the all-new 2016 Fortuner (recently launched in the Philippines), 2016 Hiace (with the new 3.0L engine) and 2016 RAV4. While, Toyota wholly owned subsidy will concentrate on manufacturing small Eco-friendly, traffic cutting cars.

Read Also: Toyota Motors Confirms the debut of C-HR in 2016

Zigwheels PH Team

Zigwheels PH Team

The Zigwheels editorial team abreast auto enthusiasts with the latest happening and additions of the auto world. Zigwheels.ph is 24/7 monitored and any update in the auto arena gets immediately reflected on the portal. The site gives full information about new and used cars, both brand, and budget wise. Further easing your choice is the comparison tool that is fully committed to buyers need.

Read Full Bio

Sell your car at the best price

Verified and genuine buyers Verified and genuine buyers
Free listing Free listing
List your car

PIMS 2024

You might also be interested in

  • News
  • Featured Stories
  • Upcoming
  • Geely Coolray 2024
    Geely Coolray 2024
    ₱1.199 - 1.299 Million Expected Price Manila
    Expected Launch TBA Alert Me When Launched
  • Kia Carens 2024
    Kia Carens 2024
    ₱1.57 Million Expected Price Manila
    Expected Launch Nov, 2024 Alert Me When Launched
  • Toyota Vios 2024
    Toyota Vios 2024
    ₱832,000 Expected Price Manila
    Expected Launch TBA Alert Me When Launched
  • Omoda E5 ev
    Omoda E5
    ₱1.9 Million Expected Price Manila
    Expected Launch Nov, 2024 Alert Me When Launched
  • MG ZS 2024
    MG ZS 2024
    ₱1.049 Million Expected Price Manila
    Expected Launch Nov, 2024 Alert Me When Launched

Latest Car Videos on Zigwheels

Zigwheels
  • What's In Your Two Car Dream Garage? | Zigwheels.Ph with Nissan Philippines
    What's In Your Two Car Dream Garage? | Zigwheels.Ph with Nissan Philippines
    05 Nov, 2024 .
  • Top 10 EVs with the Longest Ranges in the Philippines | Z-List S02E01 | Zigwheels.Ph
    Top 10 EVs with the Longest Ranges in the Philippines | Z-List S02E01 | Zigwheels.Ph
    05 Nov, 2024 .
  • 2024 MG ZS First Look + More | Zigwheels.Ph
    2024 MG ZS First Look + More | Zigwheels.Ph
    05 Nov, 2024 .
  • 2024 PIMS Launch Recap | Zigwheels.Ph
    2024 PIMS Launch Recap | Zigwheels.Ph
    05 Nov, 2024 .
  • 2024 Lexus IS300H POV Driving Review | ZIGWHEELS.PH
    2024 Lexus IS300H POV Driving Review | ZIGWHEELS.PH
    05 Nov, 2024 .
  • 2025 Changan Hunter REEV First Look | Zigwheels.Ph with Changan Auto Philippines
    2025 Changan Hunter REEV First Look | Zigwheels.Ph with Changan Auto Philippines
    29 Oct, 2024 .
  • BEYOND ZERO Toyota Corolla Cross H2 Hydrogen Combustion Prototype Exclusive Look | Zigwheels.Ph
    BEYOND ZERO Toyota Corolla Cross H2 Hydrogen Combustion Prototype Exclusive Look | Zigwheels.Ph
    29 Oct, 2024 .
  • 2024 BYD Seal First Look | Zigwheels.Ph
    2024 BYD Seal First Look | Zigwheels.Ph
    29 Oct, 2024 .
  • 2024 Changan CS35 Plus Luxe | Zigwheels.Ph with Changan Auto Philippines
    2024 Changan CS35 Plus Luxe | Zigwheels.Ph with Changan Auto Philippines
    24 Oct, 2024 .
  • 2025 Chevrolet Captiva First Look | The 100,000 km Family 7-seater MPV! | Zigwheels.Ph
    2025 Chevrolet Captiva First Look | The 100,000 km Family 7-seater MPV! | Zigwheels.Ph
    24 Oct, 2024 .
Watch Car Videos

Car Articles From Carmudi

  • journal
  • advice
  • financing
  • insurance
  • Firms to implement price hikes on diesel, kerosene, cut on gasoline
    Firms to implement price hikes on diesel, kerosene, cut on gasoline
    Ruben Manahan IV, Nov 04, 2024
  • 2024 PIMS draws 42K attendees
    2024 PIMS draws 42K attendees
    Ruben Manahan IV, Nov 04, 2024
  • Hyundai Motor PH, ANC+ Group forge alliance
    Hyundai Motor PH, ANC+ Group forge alliance
    Ruben Manahan IV, Nov 04, 2024
  • Inchcape to update Ram 1500 Rebel in PH
    Inchcape to update Ram 1500 Rebel in PH
    Paulo Papa, Oct 31, 2024
  • Suzuki PH offers helping hand to Typhoon Kristine-hit customers with special discounts
    Suzuki PH offers helping hand to Typhoon Kristine-hit customers with special discounts
    Paulo Papa, Oct 31, 2024
  • Buying a used car in the Philippines? Here’s how to dodge scams
    Buying a used car in the Philippines? Here’s how to dodge scams
    Carmudi PH, Oct 16, 2024
  • All you need to know about seatbelts: Rules, penalties, & more
    All you need to know about seatbelts: Rules, penalties, & more
    Carmudi PH, Oct 14, 2024
  • Need help accessing your LTMS account? Here’s how you can recover it
    Need help accessing your LTMS account? Here’s how you can recover it
    Carmudi PH, Oct 09, 2024
  • Surviving the monsoon: 7 Best practices for driving in low visibility
    Surviving the monsoon: 7 Best practices for driving in low visibility
    Carmudi PH, Oct 07, 2024
  • Changing the clutch type: Here's how you can modify your driver's license
    Changing the clutch type: Here's how you can modify your driver's license
    Carmudi PH, Oct 04, 2024
  • Top 15 banks for affordable car loans in the Philippines
    Top 15 banks for affordable car loans in the Philippines
    Carmudi PH, Oct 10, 2024
  • Car loans made simple for OFWs: Everything you need to know
    Car loans made simple for OFWs: Everything you need to know
    Carmudi PH, Oct 03, 2024
  • Car Loan Restructure: Everything a Filipino needs to know before applying
    Car Loan Restructure: Everything a Filipino needs to know before applying
    Carmudi PH, Oct 02, 2024
  • Pitfalls to avoid when refinancing auto loan in the Philippines
    Pitfalls to avoid when refinancing auto loan in the Philippines
    Carmudi PH, Sep 24, 2024
  • Car loan scams in the Philippines: Applicants be aware
    Car loan scams in the Philippines: Applicants be aware
    Carmudi PH, Sep 19, 2024
  • No car insurance? Here’s what all wrong can happen in the Philippines
    No car insurance? Here’s what all wrong can happen in the Philippines
    Carmudi PH, Oct 29, 2024
  • All you need to know about taking photos after a car accident in the Philippines
    All you need to know about taking photos after a car accident in the Philippines
    Carmudi PH, Oct 29, 2024
  • Here’s how to easily obtain car insurance quotes online
    Here’s how to easily obtain car insurance quotes online
    Carmudi PH, Oct 23, 2024
  • Modified car insurance in the Philippines: All you need to know
    Modified car insurance in the Philippines: All you need to know
    Carmudi PH, Oct 21, 2024
  • 8 Must-ask questions before buying car insurance
    8 Must-ask questions before buying car insurance
    Carmudi PH, Oct 18, 2024

Compare

You can add 3 variants maximum*