Subaru Corporation has acquired a 0.3% stake in Toyota Motor Corporation for JPY70 billion (US$675m), as part of a reciprocal capital tie-up agreement signed by the two companies in 2019.
The two partners originally came together in 2005 to collaborate in product sharing and have since jointly developed a sports car sold as the Toyota 86 and Subaru BRX.
Go deeper with GlobalData
The more recent agreement, based on a capital tie-up, was designed to deepen R&D and manufacturing collaboration between the two.
Toyota increased its stake in Subaru to 20% in 2019, making it an equity affiliate with earnings incorporated in its consolidated financial statements.
The pair have since agreed to collaborate in the development of a range of new technology, from autonomous driving to electric vehicles, including the launch of a jointly developed battery-powered SUV to be sold under their respective brands in the US from the mid-2020s.
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
