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.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more


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.

Just Auto Excellence Awards - Nominations Closed

Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Continental has secured the Window Displays Innovation Award in the 2025 Just Auto Excellence Awards for its Window Projection solution, transforming side windows into dynamic, data-rich canvases. Discover how this compact projection technology and intelligent software are reshaping in-car UX and opening fresh revenue streams for OEMs and mobility providers.

Discover the Impact