Oct. 23, 2003
Tokyo — DAIHATSU MOTOR CO., LTD. (Daihatsu) and TOYOTA MOTOR CORPORATION (TMC) announced today that they have agreed to produce and sell in Indonesia a small car (U-IMV) jointly developed by the two companies. The new small car will be produced at Daihatsu’s Indonesian production base, PT. Astra Daihatsu Motor (ADM), and plans call for it to be sold through PT. Astra International (AI) and PT. Toyota-Astra Motor (TAM) under the Daihatsu and Toyota brands, respectively, starting next year.
This marks the third time for Daihatsu and TMC to be engaged in an overseas joint project, following their collaboration in Pakistan in 2000 and Venezuela in 2001, but this new small car is the first vehicle that has been jointly developed by the two companies.
The new small car has been developed with those looking to purchase their first car and drivers of used cars in mind. Daihatsu and TMC are teaming up on this initiative with the aim of forging a new vehicle segment in Indonesia. The two companies are confident that the combination of Daihatsu’s vehicle development technology and production know-how for minivehicles and small cars and TMC’s vehicle development technology and production know-how will make it possible to offer a new, high-quality small car that can be globally competitive