Daihatsu to launch budget car in Southeast Asia: report
Thursday 17 February 2011
Japanese automaker Daihatsu, a subsidiary of Toyota, will begin manufacturing a low-priced compact car in Indonesia in 2013 for sale in Southeast Asian nations, a business daily said Wednesday.
Tapping its expertise in minicars, Daihatsu plans to develop a fuel-efficient vehicle in Indonesia and supply 70 percent of the output to be sold under the Toyota brand, the Nikkei daily said without citing sources.
To sell for up to 900,000 yen ($10,750) - the cheapest Toyota car in the global market, the new vehicle will be a little smaller than the Etios, a strategic small sedan that Toyota launched in India late last year, it said.
Daihatsu, which already has a factory in Jakarta capable of assembling 280,000 vehicles a year, plans to spend 20 billion yen to build a new plant, which will have an initial annual capacity of 100,000 units, the paper said.
Toyota and Daihatsu are the first and second best-selling automakers in Indonesia, controlling 53 percent of the market between them, the Nikkei said.
Daihatsu announced last month that it would pull out of the European market within two years because of the strong yen cutting profits.
Life & Style blogs
Men in tights: getting to the bottom of the latest trend
Snapchat removed the Best Friends list feature and 'stalkers' are upset
Night Nurse could put drivers over new drug limit
Stephen Hawking: NHS is Britain's finest public service and must be preserved from commercial interests
Baldness could soon be treated using stem cells, scientists hope
9 reasons Greece's experiment with the radical left is doomed to failure
Have we reached 'peak food'? Shortages loom as global production rates slow
Greece elections: Syriza and EU on collision course after election win for left-wing party
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
Liberal Democrat minister defends comments suggesting immigration causes pub closures
King Abdullah dead: We can't afford not to hold Saudi Arabia's royals to account
- 1 Venezuela Expo Tattoo 2015: Extreme body art from 'Vampire Woman' to 109mm earlobes
- 3 Ball pool for adults opens in London
- 4 Amal Clooney gives excellent response to fashion question at European Court of Human Rights
Negotiable: Tradewind Recruitment: Phase Co-ordinator for Foundation and Key S...
Negotiable: Tradewind Recruitment: SEN Teacher We have a fantastic special n...
Negotiable: Tradewind Recruitment: My client is an 11-18 all ability co-educat...
£100 - £150 per day: Tradewind Recruitment: Year 6 Teacher Birmingham Jan 2015...