- Toyota (NYSE:TM) has confirmed it will buy out the rest of Daihatsu (OTCPK:DHTMY) - a move that will help it better leverage the lower-cost brand - by swapping 0.26 of its own shares for each share of the minivehicle maker.
- 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, Lexus and truck maker Hino Motors (OTCPK:HINOY).
- Previously: Toyota to decide on buying rest of Daihatsu (Jan. 28 2016)