Daihatsu to become wholly-owned subsidiary of Toyota Motor; strengthening small car operations

Green Car Congress
By mmillikinJan 29, 2016, 9:53 am158 pts
Toyota Motor Corporation and its subsidiary Daihatsu Motor Co., Ltd. (Daihatsu) have reached an agreement whereby Daihatsu will become a wholly-owned subsidiary of Toyota by way of a share exchange (expected to be completed in August 2016). Under the agreement, 0.26 shares of common stock of Toyota will be…

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