Toyota is considering hiking its stake in Subaru car maker Fuji Heavy Industries from 8.7% to 17%.
Go deeper with GlobalData
According to the Nihon Keizai Shimbun newspaper, Toyota would pay JPY30bn (EUR190m) for the privilege. The newspaper, citing no source, added that, long-term, Toyota would not raise its share in the company above 20%.
Toyota and Fuji Heavy Industries already cooperate. Toyota subsidiary Daihatsu makes a derivative of its Sirion for Subaru to sell as the Justy in Europe while Fuji’s US assembly plant in the US Midwest now churns out Toyota’s mid-size Camry sedan, supplementing output from the automaker’s own southern state plants.
The newspaper also said the companies are considering developing a sports car together. This follows on from similar rumours last year that said that they were considering developing a low-cost sports car to attract younger drivers.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
