Toyota Motor has acquired 68 million shares in Fuji Heavy Industries from a General Motors subsidiary for about 35.4 billion yen in a deal agreed upon by the three companies last week, Toyota officials told Kyodo News on Wednesday.
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Toyota has now become the top shareholder in Subaru car maker Fuji with an 8.7% stake.
Toyota and Fuji are expected to launch a joint task force soon to consider specific plans for co-operation in vehicle production and development.
One possibility is Fuji’s assembly plant in Indiana in the United States producing around 100,000 Toyota vehicles annually in or after 2007, an industry source told Kyodo.
Toyota is expected to send engineers to the plant to look into the feasibility of the plan.
