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    6023   JP3497000004

DAIHATSU DIESEL MFG. CO., LTD.

(6023)
  Report
End-of-day quote. End-of-day quote Japan Exchange - 09/21
681 JPY   -0.87%
09/17Indonesia reinstates temporary tax break for small-car sales
RE
07/21Suzuki and Daihatsu join Toyota electric vehicle venture
RE
07/14Indonesia June auto sales up 476.1% Y/Y
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Suzuki and Daihatsu join Toyota electric vehicle venture

07/21/2021 | 04:44am EDT
FILE PHOTO: The logos of Daihatsu Motors and Toyota Motor are pictured at the 45th Tokyo Motor Show in Tokyo

TOKYO (Reuters) - Suzuki Motor Corp and Daihatsu are joining a commercial electric vehicle coalition led by Toyota Motor Corp, the carmakers announced on Wednesday, helping the Japanese alliance expand its focus from trucks to smaller cars.

The two automakers will each acquire a 10% stake in the joint venture, on par with Isuzu Motors and Hino Motors, while Toyota will hold a 60% stake, they said.

"With Suzuki and Daihatsu joining the project and working together, we'll be able to expand our circle of cooperation to not only cover commercial vehicles but also mini vehicles," said Toyota President Akio Toyoda.

"With this expansion, I believe that we'll be able to take one step closer to a better mobility society," Toyoda said.

The move comes as Japanese automakers face growing competition from tech giants and other rivals making electric and driverless cars.

Toyota, Isuzu and Hino launched the Commercial Japan Partnership Technologies Corporation in April to bolster their competitive edge in connected, commercial vehicles.

Daihatsu's president Soichiro Okudaira said joining the pact and introducing connected, mini-commercial vehicles would allow data sharing, a major benefit for companies to provide better services to customers and improve logistics efficiency.

(Reporting by Eimi Yamamitsu; Writing by Ritsuko Ando; Editing by Louise Heavens)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
DAIHATSU DIESEL MFG. CO., LTD. -0.87% 681 End-of-day quote.70.25%
HINO MOTORS, LTD. -0.39% 1013 End-of-day quote.15.24%
ISUZU MOTORS LIMITED -0.20% 1479 End-of-day quote.50.92%
SUZUKI MOTOR CORPORATION -2.06% 5086 End-of-day quote.6.36%
TOYOTA MOTOR CORPORATION -0.91% 9929 End-of-day quote.24.78%
All news about DAIHATSU DIESEL MFG. CO., LTD.
09/17Indonesia reinstates temporary tax break for small-car sales
RE
07/21Suzuki and Daihatsu join Toyota electric vehicle venture
RE
07/14Indonesia June auto sales up 476.1% Y/Y
RE
06/12Indonesia plans to extend tax breaks on two-wheel drive cars
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05/21Daihatsu Diesel Mfg. Co., Ltd. announces an Equity Buyback for 80,000 shares, represent..
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05/21Daihatsu Diesel Mfg. Co., Ltd. authorizes a Buyback Plan.
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03/30DAIHATSU DIESEL MFG. CO., LTD. : Ex-dividend day for final dividend
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02/11Indonesia to give tax incentives for sales of some cars
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Financials
Sales 2021 56 745 M 518 M 518 M
Net income 2021 712 M 6,50 M 6,50 M
Net cash 2021 6 148 M 56,1 M 56,1 M
P/E ratio 2021 22,4x
Yield 2021 -
Capitalization 21 573 M 197 M 197 M
EV / Sales 2020 0,12x
EV / Sales 2021 0,17x
Nbr of Employees 1 263
Free-Float 49,3%
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Managers and Directors
Yoshinobu Hotta President & Representative Director
Shigeki Kinoshita Chairman
Shinichi Nanba Director & Senior General Manager-Technology
Takashi Mizushina Director & Senior GM-Administration
Tamon Tsuda Independent Outside Director