Toyota Takes Ownership of More Subaru Shares
Sunday, June 29th, 2008
Back in the 90s, when the Asian financial crisis was making the yen super cheap (hmmm, kinda like the dollar right now), American and European automakers were going on a shopping spree. Nissan, Mazda, Mitsubishi, Subaru, Suzuki and Isuzu all became part of a larger automotive family. But then the economic tides, which I won’t even begin to pretend to understand, turned and now it’s the US companies that are divesting.
In 2005, GM sold off it’s 20% stake in Fuji Heavy Industries, parent company of Subaru. The only thing that ever came out of that relationship was the short-lived Saab 9-2x. Toyota bought 8.6% of those shares, and while nothing has come of it yet, cars like the Toyobaru AE86 successor are in the works. Now Toyota has bought another chunk of FHI, increasing its stake to 16.16 percent









