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Toyota Raises Stake In Subaru and Announces New Sports Car for 2011

Agent009 submitted on 4/10/2008 Official Bell & Ross Timestamp: 10:23:05 AM

85 user comments | Category: Misc News | Source: | SOURCE: hosted.ap.org

Toyota Motor Corp.

will pay $311 million to raise its stake in Fuji Heavy Industries to 16.5 percent, and the two companies said Thursday they will expand their ties and develop cars together.

Toyota said the step is part of its plans to revamp business alliances with Fuji Heavy, the Japanese automaker of Subaru cars, and Daihatsu Motor Co., a Toyota subsidiary that makes small cars. The move will also expand the scope of the joint car production among the three.

Fuji and Toyota will also develop a car together, a compact, rear-wheel drive sports car, targeted by 2011, they said, without elaborating on other details of the sports car.

"The alliance with Fuji Heavy is a win-win situation," Watanabe said. "We can count on Fuji's superb engineering."

 



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Toyota Raises Stake In Subaru and Announces New Sports Car for 2011

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Agent009

"If everything seems under control, you're just not going fast enough."

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User Comments

adamsaf723

It's about time!

— adamsaf723 (View Profile)

Posted on 4/10/2008 10:33:33 AM | reply to this comment | Votes: 7   

1995e34

should we expect a toyota, subaru, AND a lexus derivative?

— 1995e34 (View Profile)

Posted on 4/10/2008 10:40:59 AM | reply to this comment | Votes: 1   

Kinger

"Germans have lost their competitive edge and are just barely surviving on their overrated brand names."

Yeah, sure, you loose more credibility with every post...

— Kinger (View Profile)

Posted on 4/10/2008 11:27:19 AM | reply to this comment | Votes: 9   

Spuck

"Anyway, with Toyota's extensive racing heritage and performance credibility and Subaru's expertise in AWD this car should be incredible. Think of it as the Nissan GT-R in the mainstream segment. Competing cars like the BMW 135i and VW Golf GTI are going to get spanked so badly."

Like subaru doesn't know about performance...

"Germans have lost their competitive edge and are just barely surviving on their overrated brand names."

Barely surviving?!? LOL

— Spuck (View Profile)

Posted on 4/10/2008 12:54:32 PM | reply to this comment | Votes: 1   

LACMAN

OMG, I now see why everyone barely pays you any attention anymore. That comment was so full of sh*t, you had to have at least pulled it out of a hundred peoples ass...

— LACMAN (View Profile)

Posted on 4/10/2008 1:06:00 PM | reply to this comment | Votes: -1   

LACMAN

...My bad Spuck, that reply was to GoObama...

— LACMAN (View Profile)

Posted on 4/10/2008 1:07:45 PM | | Votes: 2   

M35MT

009 please delete this guy's account. He's clearly mentally ill.

Thank you

— M35MT (View Profile)

Posted on 4/10/2008 1:08:24 PM | reply to this comment | Votes: 0   

M35MT

^ That was intended for Go0bama

— M35MT (View Profile)

Posted on 4/10/2008 1:08:48 PM | | Votes: 1   

lexusrox123

lose more credibilty...that is.

— lexusrox123 (View Profile)

Posted on 4/10/2008 1:30:01 PM | reply to this comment | Votes: 2   

NItePhire

Actually he is clearly twelve

— NItePhire (View Profile)

Posted on 4/10/2008 6:55:48 PM | reply to this comment | Votes: 1   

ChicaneShooter


lol!

i know you're really an ANTI-toylex shill impersonating goobama08, yet you CAN be funny at times in your extreme parodies!

i 'spose I'LL get deboosted too now for this comment.

— ChicaneShooter (View Profile)

Posted on 4/11/2008 6:18:44 AM | reply to this comment | Votes: 4   

ChicaneShooter


this SHOULDA come out under GoObama's post. the server ain't working right.

— ChicaneShooter (View Profile)

Posted on 4/11/2008 6:27:11 AM | | Votes: 3   

ChicaneShooter

seems like the double digit negative boost locks out a direct 'relpy to.'

— ChicaneShooter (View Profile)

Posted on 4/11/2008 6:35:31 AM | | Votes: 3   

mechengineer

I don't think the Germans have lost their competitive edge. According to Nissan engineers, the new Nissan GTR was benchmarked against the Porsche Turbo, so how uncompetitive could the Porsche be to have it used as a benchmark? And there are other German cars that others will never touch, like the Bugatti (VW owned and designed) and probably the new Audi R8 diesel with the 500 horsepower/735lb ft torque engine.

And the German companies aren't "barely hanging on" as you state. Where did you get that info? It's the opposite. Just read their financials, if you know how, and you'll see they are surpassing their revenues and operating profits from the previous record setting year. I'm not saying the Japanese aren't putting out great cars, I'm refutting your inaccurate statements which are really opinion, not facts.

— mechengineer (View Profile)

Posted on 4/11/2008 7:04:01 PM | reply to this comment | Votes: 0   

EL34

But, will it be all electric :-?

— EL34 (View Profile)

Posted on 4/10/2008 11:17:57 AM | reply to this comment | Votes: -3   

EL34

It was you Dems that shut the electricty off in Hiroshima and Nagasaki during WWII with your WMD.

— EL34 (View Profile)

Posted on 4/10/2008 11:43:32 AM | | Votes: -8   

Auto_expert

So a kooky liberal is anti-electricity? That's gotta be a first.

How do pro-national defense/security, pro-environment, pro-"no free rides", pro-"personal responsibility", pro-life, pro-"Don't tarnish the office" stances make one anti-American? GoObama, you sound like you're still waiting for your "first time in my life I'm proud to be an American" moment.

— Auto_expert (View Profile)

Posted on 4/10/2008 12:35:45 PM | | Votes: 0   

ChicaneShooter


right on, kraut master2!!!

anyone who does NOT make more than $200k/year and yet votes GOPy is a brainwashed idiot.

— ChicaneShooter (View Profile)

Posted on 4/11/2008 6:32:46 AM | | Votes: 1   

lexusrox123

i thought this forum was about cars!! how did it get turned into political people bashing??

— lexusrox123 (View Profile)

Posted on 4/11/2008 9:06:34 AM | | Votes: 1   

montyz81

Interesting, Toyota is becoming more like GM everyday.
1. Multiple brands with same underpinnings
2. Multiple recalls on multiple vehicles in multiple brands: Tacoma, Tundra, Matrix, Impreza.

— montyz81 (View Profile)

Posted on 4/10/2008 11:19:14 AM | reply to this comment | Votes: 4   

EL34

montyz81, ToyLex is turning into the auto industry's misfit.

It's sad to watch ;-(

— EL34 (View Profile)

Posted on 4/10/2008 11:45:55 AM | | Votes: -3   

LACMAN

"You think you're funny!? I wasn't laughing." -GoObama

Well it sucks to be you because ever since your first post, everyone has been laughing at YOU...

— LACMAN (View Profile)

Posted on 4/10/2008 1:11:11 PM | | Votes: 7   

lexusrox123

EL, do you expect people to believe that? you must be deranged...

— lexusrox123 (View Profile)

Posted on 4/10/2008 1:33:46 PM | | Votes: 3   

LexSucks

There also like GM in this aspect; They both make lame, boring, life-less appliance cars.

— LexSucks (View Profile)

Posted on 4/10/2008 3:10:26 PM | | Votes: 1   

bmwman1963

GoObama, you were not laughing because you were having one of your low bipolar moments. You might need to get back on your meds again.

— bmwman1963 (View Profile)

Posted on 4/10/2008 8:11:56 PM | | Votes: 0   

ChicaneShooter


yeah, one generates multi-BILLION dollar losses just about every year.

the other makes MORE PROFITS than all the other car companies combined.

two twins, EXACTLY alike. lol!

— ChicaneShooter (View Profile)

Posted on 4/11/2008 6:42:51 AM | | Votes: 3   

MattB

I like it. I will be interested to see what the specs will be as the concept gets developed into a final product.

— MattB (View Profile)

Posted on 4/10/2008 11:22:53 AM | reply to this comment | Votes: 3   

Targa

Nice looking car. Stick this with Subaru's AWD and I might be sold.

— Targa (View Profile)

Posted on 4/10/2008 12:01:49 PM | reply to this comment | Votes: 2   

answer

That concept looks good, but I would hope a new Supra-esque sportscar from Toyota would be similar to the last Supra in terms of size.



— answer (View Profile)

Posted on 4/10/2008 12:52:44 PM | reply to this comment | Votes: 4   

Anthony

I see only good things coming of this. Snide remarks about Toyota becoming GM aside, Toyota can only benefit from taking a larger stake in a brand that knows performance better than they do.

— Anthony (View Profile)

Posted on 4/10/2008 1:59:15 PM | reply to this comment | Votes: 2   

dumpsty

The possible return of the AWD Celica is a bit exciting. I would never have thought that I'd be happy about a new Toyota vehicle. And this might pave the way for a sub-IS coupe/sedan for the Lexus brand too. I would assume that Subaru would be tuning the engine and suspension close to WRX-levels.

— dumpsty (View Profile)

Posted on 4/10/2008 3:15:15 PM | reply to this comment | Votes: 1   

Homer008

Toyota and Subaru needs each other. Toyota wants Subarus's awesome 4 wheel drive system (Audi was the king of all-wheel system, but not sure anymore now) and due to the speed at which Toyota is expanding, Subaru's factories are churning out toyotas in Indiana..anyhow Toyota is continuing to expand.

— Homer008 (View Profile)

Posted on 4/12/2008 1:32:09 AM | reply to this comment | Votes: 2   

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