Daihatsu Motor Co. Ltd. and First Automotive Works will produce minicars in China by 2005, says Japan’s Nihon Keizai Shimbun. The report indicates the two jointly will produce about 100,000 units annually in 2007 and that Daihatsu will spend about ¥20 billion ($163 million) to build a plant once it has set up the joint venture. The two auto makers reportedly will build the Daihatsu Mira and Move minicars and some SUV models in China to supplement Daihatsu parent Toyota Motor Corp.’s ...
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