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Toyota Raises Stake In Subaru and Announces New Sports Car for 2011 |
Toyota said the step is part of its plans to revamp business alliances with Fuji Heavy, the Japanese automaker of Subaru cars, and Daihatsu Motor Co., a Toyota subsidiary that makes small cars. The move will also expand the scope of the joint car production among the three.
Fuji and Toyota will also develop a car together, a compact, rear-wheel drive sports car, targeted by 2011, they said, without elaborating on other details of the sports car.
"The alliance with Fuji Heavy is a win-win situation," Watanabe said. "We can count on Fuji's superb engineering."
[source]
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