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Daihatsu Taps Toyota Technology to Sell Its Hybrid Vehicle

August 28, 2005 by Jeff Shepard

Daihatsu Motor Co. (Osaka, Japan) announced that it will sell its gasoline-electric commercial vehicles starting on September 26, 2005, tapping technology from parent company Toyota Motor Corp.'s (Nagoya, Japan) as record oil prices raised demand for fuel-efficient models. Daihatsu will sell hybrid Hijet Cargo models for ¥2.22 million (US$20,090), almost triple the price of a model using a conventional gasoline engine with 0.66 L capacity.

Daihatsu aims to sell 300 of the hybrid models a year. Automakers are developing cleaner engines for smaller cars to meet tighter government regulations on emissions and fuel consumption.