Daihatsu Taps Toyota Technology to Sell Its Hybrid Vehicle
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 Â¥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.