https://carspiritpk.com/suzuki-and-daihatsu-join-toyota-electric-vehicle-venture/?utm_source=rss&utm_medium=rss&utm_campaign=suzuki-and-daihatsu-join-toyota-electric-vehicle-venture Pakistan's Trusted Automobile Blog Thu, 22 Jul 2021 05:25:34 +0000 hourly 1 https://wordpress.org/?v=6.7.1 https://carspiritpk.com/suzuki-and-daihatsu-join-toyota-electric-vehicle-venture/#comment-6306 Thu, 22 Jul 2021 05:25:34 +0000 https://carspiritpk.com/?p=41523#comment-6306 Hino and Daihatsu are Toyota’s own subsidiaries and they have been pressurized to cough up money for the joint venture by the holding company. Just a way to diversify risk and to protect liquidity, brand image and maybe even the taxes as the “alternate energy” program can get some tax benefits in most countries. This is the classic way in which accounting and book-keeping is made so hard that it is easy for the accountant to justify it is correct whether it is this way or that way. It is another method by which subsidiary companies are kept in check so they don’t become more profitable or powerful than the parent company.

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