Daihatsu

The world's largest automaker is looking to join Tata Motors and Renault's Dacia brand as purveyors of cheap new cars. Toyota has cultured a company model by building high-quality, reliable cars, and has gone upmarket with its Lexus brand to compete at the high end of the automotive spectrum. More recently, the automaker has attempted to target a younger crowd with its Scion subsidiary and now a fourth brand is being considered to cater to emerging markets wihtout sullying the Toyota's hard-fought image. The new car would be targeted at the Indian and Brazilian markets, and would likely be made at Toyota's plant in Bangalore.

Last week's announcement that Toyota wants to raise its stake in Subaru's parent company Fuji Heavy Industries looked to have no down side. Subaru gets $300 million with which to build a new factory, Toyota gets greater access to FHI's high tech batteries for hybrids, and both get to build the affordable RWD/AWD coupe that we're all waiting for.

Forget about light-emitting diode (LED) or liquid crystal display (LCD) dashboards. According to Daihatsu, the next hot ticket will be 3D holographic technology. Daihatsu teamed up with Provision Interactive Technologies to implement a 3D dashboard for their latest concept car which debuted at the 40th Tokyo Motor Show. Attendees were so impressed with the technology, that Provision raced to file a new patent for the product they call "HLXX."