Back in April, Toyota announced that it would be gobbling up a larger percentage of Fuji Heavy Industries, makers of the Subaru brand of vehicles. Today, that deal has been made official as Fuji announced the sale that increases Toyota's voting rights in the automaker to 16.16 percent from 9.50 percent. This deal had been made possible by a newly revised Jeremy Korzeniewski
The biggest name in shopping malls in Japan is set to install electric vehicle charging spots in its parking lots after entering negotiations with car-makers Mitsubishi and Fuji Heavy Industries, builders of the iMiEV and R1e, respectively. Starting with the Lakeland mall currently under construction in Koshigaya, Saitama Prefecture, Aeon will add to its list of environmental programs by giving EV
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 Noah Joseph
Now that its ground offensive has taken control of the battlefield, word comes that Toyota's field commanders might have an eye toward the skies. That's right: Toyota is reportedly considering an offer from Mitsubishi Heavy Industries to get into the aircraft business. MHI would like to s
Fuji Heavy Industries, parent company of Subaru, has missed its sales goal for a five-year plan that ends next month. The end of one five-year plan, however, is the beginning of another. The next five years will see Subaru putting a much larger emphasis on the U.S. market (w00t!). The Japanese automaker is aware that it can't squeeze any more sales out of the home market, so it's looking to America to supply the extra sales it needs to meet new targets. To achieve this goal, Subaru will suppleme
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.
