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Toyota buys Daihatsu for small-car development

Toyota is getting serious about small cars, but it's not going at it alone. Instead it's turning to its subsidiary Daihatsu, with which it will now share more resources and expertise. And in the process, it's acquiring the remaining stake in the smaller automaker. Daihatsu is a Japanese carmaker founded in its present form in 1951, but with roots that trace back as far as 1907. Toyota acquired a controlling interest of 51 percent in Daihatsu in 1988, bringing the company under its umbrella. But now it is raising its stake to 100 percent by a reciprocal share-swap agreement that will see Daihatsu's other shareholders take 0.27 shares in the larger company for each share in the smaller. As part of the new arrangement, the Daihatsu division will take the lead in developing new small cars, both for itself and for its parent company. Toyota in turn will also share key technologies with Daihatsu, and both will share each other's networks in emerging markets. The bottom line is that we can expect to see more small Toyotas and Scions developed and built by Daihatsu in the near future. The Daihatsu name may not be as familiar to Americans as some of Toyota's other brands. It briefly sold models like the Charade and Rocky in the United States under its own name in the late 1980s and early 90s. However US customers may be more familiar with those it built for the Scion brand, such as the Scion xB that was based on the Daihatsu Materia. While the realistic part of our brains force us to admit it's unlikely, the dreamer within us will hold out hope that the new arrangement could see a Scion version of the nimble little Daihatsu Kopen roadster make its way to our shores in the coming years. Toyota and Daihatsu to Strengthen Small Car Operations through Unified Global Strategy Toyota Motor Corporation (Toyota) and its subsidiary Daihatsu Motor Co., Ltd. (Daihatsu) have reached an agreement whereby Daihatsu will become a wholly-owned subsidiary of Toyota by way of a share exchange (expected to be completed in August 2016). The purpose of the agreement is to develop of ever-better cars by adopting a unified strategy for the small car segment, under which both companies will be free to focus on their core competencies. Ultimately, this will help Daihatsu and Toyota to attain their joint goal of achieving sustainable growth. Additionally, the aim of the share exchange is to enhance the value of both brands.

Junkyard Gem: 1990 Daihatsu Charade SE Hatchback

The third-generation Daihatsu Charade could be purchased in the United States for the 1988 through 1992 model years, but competition against the likes of the Ford Festiva, Geo Metro, Subaru Justy, and Pontiac LeMans proved too tough for the relatively unknown Japanese marque. You won't see many Charades (or Rockies) today, but this gold '90 Charade manage to avoid the crusher until age 27. The Charade name is up there with Achieva, Starion, ETC, and Aspire, when it comes to model names from the "what could they have been thinking?" category. Like the Metro and Justy, the Charade's standard engine was a straight-three driving the front wheels. This engine was good for 53 horsepower, compared to 66 in the Justy and 55 in the Metro. An optional four-cylinder making 80 hp was available. The Charade listed for $6,497 in 1990, which is about $12,000 in inflation-adjusted 2017 dollars. The '90 Geo Metro was $6,995 and the Justy was a mere $6,295. This Charade never even made it to 100,000 miles, which may or may not be indicative of its build quality. Daihatsu USA tried to make the brand's obscurity a selling point in this 1991 ad, but the company was gone after the following year. Related Video: Featured Gallery Junked 1990 Daihatsu Charade View 17 Photos Auto News Daihatsu Automotive History

Daihatsu's Tokyo Auto Salon cars are absolutely adorable

There are some pretty weird and wonderful cars coming to the Tokyo Auto Salon in January, from Honda's vintage-style S660 coupe to the off-road Mitsubishi Delica D:5. But as cool as they are, none can approach Daihatsu for sheer cuteness. The company is showing off special versions of its tiny Kei class cars at the custom car show. We've got photos of most of them, but we're going to highlight the best of the bunch, below. We'll start with the Daihatsu Copen coupe (the little green guy up there). The Copen is the Japanese car company's micro-sized roadster, similar in scale to the Honda S660, except it's front-wheel drive. It also has a trick retractable hard top. The Copen coupe loses the retractable top in favor of a rakish permanent hard top. It's based on a concept from 2016 that clearly was popular enough to merit a production model. The styling also comes from the Copen Cero, which has friendly round lights and soft corners, a significant contrast to the edgy, aggressive Copen Robe and XPlay. The coupe model starts a little over $20,000 at current conversion rates and is available with either a CVT or a five-speed manual coupled to a turbocharged 660-cc three-cylinder engine. Daihatsu is also showing more practical cars including some custom versions of the Mira Tocot. The two that grabbed our attention are the Tocot Sporza and the Tocot Active. The former is an angry red hot hatch with a unique red and black paint scheme. Along the side are giant letters spelling out the Tocot Sporza name. This look has a lot of history at Daihatsu, having been featured on the Mira TR-XX, as well as the Charade De Tomaso. And, yes, we mean that De Tomaso. The Tocot Active, on the other hand, has a simple, retro aesthetic with its cheerful blue paint, plain black door handles, and ultra classy cream steel wheels. Then we have a special edition of what we've previous proclaimed to be the most adorable car in the world: the Move Canbus. It looks like it's just happy to be alive, and looks all the better with the blue and white two-tone paint job that would be right at home on a VW Bus. But the German van isn't where the color scheme comes from. Instead, it's inspired by Hatsune Miku, a virtual character from a Japanese singing synthesizer that is enormously popular in Japan. The blue and white mirror her hair and outfits, and small pops of fuchsia match her hair bows. We also have to quickly note the Daihatsu Hijet Marche.