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Toyota Believed to Plan Offer to Acquire Rest of Daihatsu

  • Daihatsu has dominant position in Indonesia, Malaysia
  • Toyota, Suzuki deny Nikkei report of talks for alliance
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Toyota Motor Corp. is considering a buyout offer for its Daihatsu Motor Co. unit, which would give the world’s biggest automaker full control over a company that excels in minicars and emerging markets.

Toyota holds a 51 percent stake in Daihatsu and is constantly considering a number of possibilities including making it a fully owned subsidiary, the company said in a statement. Daihatsu said it’s cooperating with Toyota and that the buyout is an option. Shares of Daihatsu rose 16 percent, their biggest gain since November 1999, at the close in Tokyo.