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Shareholders, advisers criticise Toyota's bid for Daihatsu as cheap

Mr Toyoda sees the potential for a global small-car brand that can one day be valued similarly to BMW AG's Mini.


TOYOTA Motor Corp's US$3.1 billion bid to buy out Daihatsu Motor Co has run into shareholder and proxy-adviser criticism for being on the cheap, highlighting corporate governance challenges years into Japan Inc's push to become more investor friendly.

Arga Investment...