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Daihatsu Motor Co., Ltd. ( Daihatsu Kgy Kabushiki-gaisha) is one of the oldest remaining Japanese internal combustion engine manufacturers, cutting edge known for its range of smaller kei models and off-road vehicles. The headquarters are located in Ikeda, Osaka Prefecture. The company is a wholly owned subsidiary of the Toyota Motor Corporation in the past August 2016.
The name “Daihatsu” is a inclusion of the first kanji for saka () and the first of the word “engine manufacture” (hatsudki seiz). In the other incorporation the reading of the “” is distorted from “” to “dai”, giving “dai hatsu”.
Daihatsu was formed in 1951 as a successor to Hatsudoki Seizo Co. Ltd, founded in 1907, as ration of Hatsudoki’s major restructure. Hatsudoki’s formation was largely influenced by the Engineering Department’s knack of Osaka University, to produce a gasoline-powered engine for small, stationary gift plants. From the arrival of the company until 1930, once a prototype three-wheeler truck was considered and proposed, Hatsudoki’s focus was largely steam engines for Japanese National Railways and included rail carriages for passenger transportation. The company next focused upon railroad diesel engines, functioning when Niigata Engineering, and Shinko Engineering Co., Ltd. past the company began to produce automobiles, their primary Japanese competitor was Yanmar for diesel engines that weren’t installed in a billboard truck to have the funds for motivation.
During the 1960s, Daihatsu began exporting its range to Europe, where it did not have major sales capability until capably into the 1980s. In Japan, many of Daihatsu’s models are after that known as kei jidsha (or kei cars).
Daihatsu was an independent auto maker until Toyota became a major shareholder in 1967 as the Japanese executive meant to read stirring the domestic market. According to Toyota, it was first approached by Sanwa Bank, banker of Daihatsu. In 1995, Toyota increased its shareholding in the Company from 16.8 percent to 33.4 percent by acquiring shares from further shareholders: banks and insurance companies. At the time, the Company was producing mini-vehicles and some small cars under pact for Toyota. Toyota, by owning more than a one-third stake, would be able to veto shareholder resolutions at the annual meeting. In 1998, Toyota growth its holding in the Company to 51.2 percent by purchasing shares from its major shareholders including financial institutions.
In January 2011, Daihatsu announced that it would pull out of Europe by 2013, citing the persistently strong yen, which makes it difficult for the company to create a profit from its export business. past the financial crisis Daihatsu’s sales in Europe plummeted, from 58,000 in 2007 to 12,000 in 2011. In August 2016, Daihatsu became a wholly owned supplementary of Toyota Motor Corporation. read the full article on the wikipedia.
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