Toyota to boost its Subaru stake to more than 20%

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Filed under: Earnings/Financials,Plants/Manufacturing,Subaru,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 Continue reading Toyota to boost its Subaru stake to more than 20%
Toyota to boost its Subaru stake to more than 20% originally appeared on Autoblog on Fri, 27 Sep 2019 08:41:00 EDT. Please see our terms for use of feeds.
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