Autoblog

Emerging reports indicate that Toyota is preparing to nearly double its stake in Subaru's parent company, Fuji Heavy Industries. Toyota initially bought into Fuji when that other automotive giant, General Motors, sold its 8.7% stake to its Japanese rival. The new share-grab, the door to which was opened by revised Japanese laws, would bring Toyota's partial ownership of Fuji up to 17%, just short of double its current stake.

Since Toyota's buy-in of Fuji, cooperation between the two companies has only increased, ranging from new product development to manufacturing. Insiders predict that with the increased stake will come even more integrated collaboration between the two Japanese automakers, which, considering Toyota's enormous success worldwide, can only mean good things for Subaru's operations.

Meanwhile, it's worth noting that with Toyota reportedly considering following Honda into the sky, Fuji's other core business in aerospace could prove an invaluable asset.

[Source: Indianapolis Business Journal via Straightline]

Subaru launched the 2008 Legacy and Outback models at the Detroit show, and while it's largely business as usual for the all-wheel-drive duo, there are a few revisions that the Subie fans amongst our readership might find interesting.

After its kid brother, the Impreza, has gotten a new face time and time again, the Legacy and Outback have now gotten their turn under the knife. Sheetmetal up front is the biggest change for 2008. The Legacy gets a new, bigger, chromed-up grille; restyled bumpers front and rear with shorter overhangs; and new headlights and taillights. The Outback gets a bigger, more upright and rugged-looking grille, plus restyled fenders, restyled hood and new wheels. Stability control will be offered on more models, and a tire pressure monitoring system becomes standard. Both models also get some revised features inside.

The 2008 model year also marks the debut of the range-topping Legacy 3.0 R, transplanting the 3-liter DOHC 245-hp Flat-6 engine that's already under the hood in its Outback sister car. Paddle-shifters for the 5-speed auto are also new, and the car bobs and weaves on a Bilstein suspension setup. And while it may not have the clout of a premium German badge, the 3.0 R makes a compelling case against the usual suspects from Europe.

Follow the jump for the full press releases, and click here or on the image above for our gallery of high-resolution images from the studio and the Detroit show floor.