With soaring gas prices around the globe, Toyota, makers of the Aygo, Vitz and Yaris, plans to work jointly with Subaru in the creation and production of a B-segment vehicle. According to the Associated Press, the fruits of their union will begin in 2008, with only European consumers getting a version of the mini-Subie.

For those of you not keeping tabs on who owns what with who, Toyota purchased an 8.7 percent stake in Fuji Heavy Industries (Subaru's parent company) when General Motors sold their shares in late 2005. As Toyota is now the largest shareholder of the company, this may be the first of many joint products to come from the two automakers, with the Camry beginning to be build at F.H.I.'s site in Indiana in 2007.

[Source: The Auto Channel]

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