Daihatsu plays Charade with Toyota Yaris in Europe

[why?]

Originally Posted by nookandcrannycar

When did Toyota purchase the final 49 percent ?

Japanese business laws are different than the US. In Japan if you own 51% of a company it is considered fully owned.

[nookandcrannycar]

Originally Posted by why?

Japanese business laws are different than the US. In Japan if you own 51% of a company it is considered fully owned.

Thank you. Very interesting.

[junorico24]

It's not a real Daihatsu and selling a Toyota product as a Daihatsu i'm against it personally.I have both brands i can tell you the driving experience is nothing a like.

Daihatsu engines are small but terrible in a good way. it's bonkers. strong for what it is.

Toyota is more of civillized and tamed, frugal and economical. The driving experience on both is totally different.

[jcboy]

Originally Posted by why?

Japanese business laws are different than the US. In Japan if you own 51% of a company it is considered fully owned.

actually in some markets, if you own 50%+1 of the shares of a company, you fully own the company. example, if the 50%+1 of the shares are sold out to and bought by the government, then it is said to be government-owned company.

[why?]

Originally Posted by jcboy

actually in some markets, if you own 50%+1 of the shares of a company, you fully own the company. example, if the 50%+1 of the shares are sold out to and bought by the government, then it is said to be government-owned company.

that isn't surprising. The only reason I even know this about Japan is because it was mentioned when Toyota bought the 51% of Daihatsu.