Toyota increased ownership of Daihatsu to 33.4 percent

Toyota's decision to increase its ownership stake in Daihatsu to 33.4 percent marked a strategic move in the automotive industry. This increase in shareholding provided Toyota with significant influence over Daihatsu's operations, particularly the ability to veto shareholder resolutions during annual meetings. This level of control allowed Toyota to align Daihatsu's business strategies more closely with its own, facilitating better integration of operations and resources between the two companies. The relationship between Toyota and Daihatsu has historically been characterized by collaboration, with Toyota leveraging Daihatsu's expertise in smaller vehicle production to enhance its own product offerings. The impact of this increased ownership was notable in the context of the automotive market, as it allowed Toyota to strengthen its position in the compact and subcompact vehicle segments. By having a majority stake, Toyota could implement strategic decisions that would benefit both companies, such as joint development projects and shared technology initiatives. This move also set the stage for further investments and eventual majority ownership, which would enable Toyota to fully capitalize on Daihatsu's capabilities and market presence. The partnership has since contributed to Toyota's overall growth and competitiveness in the global automotive landscape.