Toyota's scandal-hit Daihatsu aims to resume vehicle development this year [Reuters]
Toyota Motor Corporation (TM)
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Source: Reuters
TOKYO, April 24 (Reuters) - Scandal-hit Toyota Motor (7203.T) New Tab , opens new tab subsidiary Daihatsu aims to fully resume developing vehicles by as early as the end of this year, the president of the compact carmaker told reporters, adding that he saw opportunities in South America and Africa. WHY IT'S IMPORTANT Daihatsu last year said it had rigged safety tests for some 88,000 small cars, most of them sold under the Toyota brand, with the scandal posing a reputational risk for Japan's largest automaker. Report this ad New President Masahiro Inoue was dispatched from Toyota to turn Daihatsu around and put it on a path to growth. Resuming development of new cars will be a significant milestone. KEY QUOTES "Once we have bedded down measures to prevent a recurrence (of the certification issue), we would like to move forward as early as the end of the year," Inoue said about full development, adding that minor changes to models could occur even earlier. "Emerging mar
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