P.M. BRIEFING : Japanese Plan Polish Car Project

Daihatsu Motor Co. Ltd. has come up with a new plan to produce compact cars in Poland, company President Tomonaru Eguchi told reporters in Osaka today.

The plan was presented today to Polish public vehicle production company Fabryka Samochodow Osobowych.

The Daihatsu plan calls for FSO to assemble 6,000 Daihatsu-designed Charade cars annually, with components supplied by Daihatsu in Japan. The phased-in investment will represent no financial difficulties for the Polish firm, said Daihatsu.

In a previous proposal FSO and Daihatsu had faced difficulty securing loans from the Japanese government because more than $690 million was required, a Daihatsu spokesman said.

The Export-Import Bank of Japan is expected to provide financing for this project, the spokesman said.