Toyota may increase Subaru stake to 17%

Posted in Cars, International News, Subaru, Toyota / By /

toyotalogo.gifJapanese business newspaper Nikkei Shimbun reported that Toyota is considering raising its current 8.7% stake in Fuji Heavy Industries (Subaru) to about 17%, in a deal that is valued at 30 billion yen, or RM937 million ringgit, pending a review by Japan’s Fair Trade Commission.

Subaru will remain somewhat independent and not be considered a Toyota subsidiary as the resulting shareholding by Toyota will be under 20%. In a response to Nikkei’s report, Subaru says it still does not have anything to announce at the moment as the stakeholding increase is not final yet and still under discussions.

Of course, such reports will always affect share prices. Subaru shares went up 6.6% on the day the Nikkei reported the news.

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After dabbling for years in the IT industry, Paul Tan initially began this site as a general blog covering various topics of personal interest. With an increasing number of readers paying rapt attention to the motoring stories, one thing led to another and the rest, as they say, is history.

 

Comments

  • Capt Shopalot (Member) on Apr 08, 2008 at 7:29 am

    Hopefully this is beneficial to all

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  • azrai (Member) on Apr 08, 2008 at 7:52 am

    When will we see the Perodua Impreza AWD?

    Like or Dislike: Thumb up 1 Thumb down 0
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  • bmpower (Member) on Apr 08, 2008 at 12:47 pm

    first step for toyotanization .
    (to take over slowly)

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  • altimi (Member) on Apr 08, 2008 at 1:19 pm

    Toyota is becoming more like Microsoft…

    Like or Dislike: Thumb up 0 Thumb down 0
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  • topgunthang (Member) on Apr 08, 2008 at 3:11 pm

    proton is becoming more like netscape

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  • mitlanevo (Member) on Apr 08, 2008 at 3:17 pm

    Perodua Impreza AWD…. lol~

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  • gonggok (Member) on Apr 08, 2008 at 3:57 pm

    Oh no! One day the imprezza will be a souped-up Altis with a torsion-beam suspension (purely for packaging reasons says Toyota, nothing to do with cost). But it will be the best selling Subaru ever because the ‘Toyota’ factor :(

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  • bmpower (Member) on Apr 08, 2008 at 5:32 pm

    coming soon..
    Imprezza Dugong Version.

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  • szw (Member) on Apr 08, 2008 at 8:40 pm

    is toyota ppl too free n rich ?

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  • bavarian (Member) on Apr 09, 2008 at 5:30 pm

    slowly it will takeover

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