Japanese 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.
Related Posts:
GM sells Subaru shares to Toyota
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. An avid electronic gadget aficionado as well as big-time coffee lover, he's also the executive producer of the Driven motoring TV programme.
Hopefully this is beneficial to all
When will we see the Perodua Impreza AWD?
first step for toyotanization .
(to take over slowly)
Toyota is becoming more like Microsoft…
proton is becoming more like netscape
Perodua Impreza AWD…. lol~
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
coming soon..
Imprezza Dugong Version.
is toyota ppl too free n rich ?
slowly it will takeover