| Submit Your Article | |
| Contact Us | |
| Our RSS Feed | |
| Our Blog | |
|
|
Toyota planning to increase stake in Subaru |
Toyota’s grip around Subaru is set to get tighter with news coming out of Japan claiming the auto giant is planning to increase its 8.7% stake in Subaru to around 17%. The final decision will depend on whether or not the move gets approval from Japan’s Fair Trade Commission.
The transaction involves Toyota buying another 64.25 million shares in Subaru, which will cost about ¥30 billion ($294.4 million), reports the Nikkei. The source also claims both carmakers are working to collaborate across several areas including the development of a new RWD sports car.
Back in November Toyota’s German Chief Markus Schrick confirmed Toyota was working on several new sports cars including a replacement for the Celica, and several Japanese sources claimed the car will be the result of collaboration between Toyota and Subaru. The two carmakers have been sharing production facilities and swapping engineers ever since Toyota bought a stake in Subaru early last year, and now the partnership is set to spawn the first co-developed model. You can read more about the new RWD sports car in our previous story by clicking here.
[source]
Add your comment:
Subaru issues "stop sale" on all models equipped with turbo'd 2.5-liter
JL sent us over an email from Subaru of America that's instructed dealers to immediate cease sales of all Subaru models equipped with the turbocharged, 2.5-liter four-cylinder engine. The directive effects some 2008 and 2009 models built in January and... More »
Subaru issues "stop sale" on all models equipped with turbo'd 2.5-liter
JL sent us over an email from Subaru of America that's instructed dealers to immediate cease sales of all Subaru models equipped with the turbocharged, 2.5-liter four-cylinder engine. The directive effects some 2008 and 2009 models built in January and... More »
Subaru Issues a "Stop Sale" On ALL 2008 2.5 Liter Turbo Models
An intercepted internal email dated this morning from Subaru of America headquarters has ordered a stop sale of several turbocharged 2.5 liter Subaru sedans. The stop sale of these products stems from some knocking issues experienced outside the US... More »
Subaru issues "stop sale" on all models equipped with turbo'd 2.5-liter
JL sent us over an email from Subaru of America that's instructed dealers to immediate cease sales of all Subaru models equipped with the turbocharged, 2.5-liter four-cylinder engine. The directive effects some 2008 and 2009 models built in January and... More »
Subaru Issues a "Stop Sale" On ALL 2008 2.5 Liter Turbo Models
An intercepted internal email dated this morning from Subaru of America headquarters has ordered a stop sale of several turbocharged 2.5 liter Subaru sedans. The stop sale of these products stems from some knocking issues experienced outside the US... More »
More...
