The Japanese automaker Daihatsu is planning on introducing one more model to its range for Europe. The new model will be named Charade, but in fact this new model is nothing more than the Spartan-like Toyota Yaris. The rebadged Yaris is also expected to be priced below that of the Toyota clone. The Charade will be available with a 1.33-liter gas engine that makes 99-horsepower.
These plans for the new model come as Daihatsu announced its decision to abandon the European market by the end of 2013. The decision is attributed to the increasing development costs to comply with emissions regulations in Europe, as well as the rising value of the Yen against the Euro. Bottom line: it's not personal, it's business.