--AlanEmerging reports indicate that Toyota is preparing to nearly double its stake in Subaru's parent company, Fuji Heavy Industries. Toyota initially bought into Fuji when that other automotive giant, General Motors, sold its 8.7% stake to its Japanese rival. The new share-grab, the door to which was opened by revised Japanese laws, would bring Toyota's partial ownership of Fuji up to 17%, just short of double its current stake.
Since Toyota's buy-in of Fuji, cooperation between the two companies has only increased, ranging from new product development to manufacturing. Insiders predict that with the increased stake will come even more integrated collaboration between the two Japanese automakers, which, considering Toyota's enormous success worldwide, can only mean good things for Subaru's operations.
Meanwhile, it's worth noting that with Toyota reportedly considering following Honda into the sky, Fuji's other core business in aerospace could prove an invaluable asset.
Toyota To Double Stake In Fuji HI
Moderator: Moderators
- WRXWagon2112
- DCAWD Founding Member
- Posts: 3314
- Joined: Mon Aug 23, 2004 8:00 pm
- Location: Livin' the dream
Toyota To Double Stake In Fuji HI
Linky
- sirwilliam
- Resident Poop Expert
- Posts: 7226
- Joined: Mon Aug 01, 2005 1:27 pm
- Location: The Wild Serengeti Suburbs
Hey, as long as it is Toyota and not GM. Just hope the designs don't too craplousy...I am not worried about the hardware Maybe they can benefit from the Lexus model designs.
2004 SG Model A PearlBlackObsidian (RIP)
2008 SG Model D BlueRallyWorld
"When I get sad, I stop being sad and be awesome instead. True story." -Barney Stinson
"Nothing shuts my pie-hole but pie." -Shawn Spencer
2008 SG Model D BlueRallyWorld
"When I get sad, I stop being sad and be awesome instead. True story." -Barney Stinson
"Nothing shuts my pie-hole but pie." -Shawn Spencer
-
- Moderator
- Posts: 6314
- Joined: Wed Oct 19, 2005 1:15 am
- Location: Alexandria
- Mr Kleen
- DCAWD Founding Member
- Posts: 15034
- Joined: Mon Apr 18, 2005 6:46 pm
- Location: Wiesbaden.DE
Re: Toyota To Double Stake In Fuji HI
Toyota buys another chunk of FHI, Subaru
Back in April, Toyota announced that it would be gobbling up a larger percentage of Fuji Heavy Industries, makers of the Subaru brand of vehicles. Today, that deal has been made official as Fuji announced the sale that increases Toyota's voting rights in the automaker to 16.16 percent from 9.50 percent. This deal had been made possible by a newly revised Japanese law that went into effect last year. Toyota had initially purchased about nine-percent share of the company from General Motors, which no longer owns any part of Fuji Heavy.
According to reports, Toyota paid about a ten-percent premium for the increased share, as well. Its total outlay of cash for the new shares is 31.11 billion yen ($291.1 million), for which it receives 61 million additional treasury stocks. Here's hoping that this new deal ushers in the upcoming new AE86 all the more quickly.
Back in April, Toyota announced that it would be gobbling up a larger percentage of Fuji Heavy Industries, makers of the Subaru brand of vehicles. Today, that deal has been made official as Fuji announced the sale that increases Toyota's voting rights in the automaker to 16.16 percent from 9.50 percent. This deal had been made possible by a newly revised Japanese law that went into effect last year. Toyota had initially purchased about nine-percent share of the company from General Motors, which no longer owns any part of Fuji Heavy.
According to reports, Toyota paid about a ten-percent premium for the increased share, as well. Its total outlay of cash for the new shares is 31.11 billion yen ($291.1 million), for which it receives 61 million additional treasury stocks. Here's hoping that this new deal ushers in the upcoming new AE86 all the more quickly.
- Libra Monkee
- Moderator
- Posts: 6478
- Joined: Wed Mar 29, 2006 11:04 pm
- Location: The Ether
- Contact:
Re:
+1997chicken n waffles wrote:c'mon supra
C'MOOOOOOON SUPRA
Libra Monkee- "Helping DCAWD meet its Equal Opportunity requirement since 2006."