AUSTRALIA: Toyota Australia in Daihatsu takeover.
The Daihatsu Australia Pty. Ltd franchise throughout Australia has been formally taken over by Toyota Motor Corp. Australia Ltd, Toyota said Wednesday (5/7/00). The move, coming after the announcement of the takeover back in February of this year, allows Toyota to strengthen the Daihatsu brand. Daihatsu will become a separate division of Toyota, and will continue to work with its current dealer and distribution network although not all Daihatsu dealers have agreed to join Toyota.
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