Toyota Motor Corp the world's largest automaker, said it would buy out the rest of minivehicle unit Daihatsu Motor Co an all-stock deal worth about $3 billion and part of its strategy to strengthen its push into compact cars for emerging markets.<br />The companies intend to develop Daihatsu into a global brand as they focus on growing markets for compact cars, noting that entry-level car markets were expanding due to economic development and that vehicles were becoming smaller due to environmental and traffic concerns.<br />Acquiring full control of Daihatsu, of which Toyota currently owns 51.2 percent, will allow it to better leverage the lower-cost brand and enable Daihatsu to more easily adopt next-generation technologies developed by Toyota.
