Daihatsu to leave EU by 2013
Japanese manufacturer Daihatsu has announced it will leave European markets by 2013.
The decision has been made because Yen/GBP/Euro exchange rates have rendered exporting vehicles to European dealerships unprofitable.
Daihatsu has also seen sales drop over the last few years. Only 19,300 vehicles were sold throughout Europe last year – a stark contrast to the 58,600 units in 2007. Only 170 of those were sold in the UK throughout 2010.
There is no stock of new Daihatsus in the country and there are no plans to place any further orders. Sales in the rest of Europe will halt in 2013, but the firms has pledged to continue its after sale service for existing owners.