Toyota Doubles Subaru Stake

April 10, 2008

Yesterday, we reported on the possible Toyota-Subaru sports car under development. And today, Toyota's confirming that it's boosted its stake in Fuji Heavy Industries, the parent company of Subaru

Back in 2005, Toyota picked up an 8.7-percent stake in Fuji after General Motors sold its shares in the smaller Japanese automaker. Toyota's new stake in the company is 16.5 percent.

Toyota says that the move will lead to a revamping of its relationships with Subaru and also with Daihatsu, a Japanese car company specializing in minicars.

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