Toyota Doubles Subaru Stake

April 10, 2008
Article Image

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.

The Car Connection
See the winners »
The Car Connection
Commenting is closed for this article
Ratings and Reviews
Rate and review your car for The Car Connection
Review your car
The Car Connection Daily Headlines
I agree to receive emails from The Car Connection. I understand that I can unsubscribe at any time. Privacy Policy.
Thank you! Please check your email for confirmation.