Toyota Motor Corporation (Toyota) and its fully owned subsidiary Daihatsu Motor Co., Ltd. (Daihatsu) plan to establish an internal company that will be responsible for compact vehicles for emerging markets, from product planning to production preparation.

This is the result of both companies having agreed on each company's role in strengthening their compact vehicle operations in emerging markets to help them attain their joint goal of achieving sustainable growth. Toyota and Daihatsu will work toward establishing the internal company in January 2017.

Daihatsu will basically be responsible for unified development, procurement and production preparation for compact vehicles for emerging markets based on "DNGA", a Daihatsu vehicle architecture now being defined.

Toyota will support these efforts by providing knowledge and resources. Toyota and Daihatsu will jointly formulate and share product and business plans. Both will put their existing production bases to mutually effective use.

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