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Sep 27, 2019 Official
Toyota to boost its Subaru stake to more than 20%

Building an electric SUV together on the road to a 'mega-Toyota'

Toyota Motor Corp plans to raise its stake in Subaru Corp to more than 20% from around 17% now, a deal that would also see the smaller firm invest in Japan's top automaker, two people with direct knowledge of the matter said on Friday. The deal is due to be approved at a Toyota board meeting on Friday, the people said, declining to be identified because the information has not been made public. The investment would come a month after Toyota and another smaller Japanese automaker, Suzuki Motor

Reuters
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