Time Attack Manila

Toyota buys out Daihatsu for $3 billion to make more small cars

Daihatsu Copen

If there’s one thing Daihatsu is really good at, it’s building small cars, and Toyota wants to sell them by the boatload. That’s why the 2 decided to tie the knot with Toyota paying a $3 billion dowry for 100% of the company’s shares. Toyota already owns 51.2% of Daihatsu – a deal struck way […]