Who owns Subaru???
24 April 2011, 08:39 PM
#35
Scooby Regular
Join Date: Dec 2010
Posts: 3,241
Likes: 0
Received 0 Likes
on
0 Posts
Fuji Heavy Industries, the parent company of Subaru, is currently in a partial partnership with Toyota Motor Corporation, which owns 16.5% of FHI.
Nissan had acquired a 20% stake in 1968 during a period of government-ordered merging of the Japanese auto industry in order to improve competitiveness under the administration of Prime Minister Eisaku Sato. Nissan would utilize FHI's bus manufacturing capability and expertise for their Nissan Diesel line of buses. In turn, many Subaru vehicles, even today, use parts from the Nissan manufacturing keiretsu. The Subaru automatic transmission, known as the 4EAT, is also used in the first generation Nissan Pathfinder. Speculation has suggested that it was Subaru that introduced Renault to Nissan, when Renault asked for assistance in all-wheel drive (AWD) technology, and when FHI told Renault to discuss their plans with Nissan, the discussions may have been a contributing factor to the currently successful Renault-Nissan alliance. Upon Nissan's acquisition by Renault, its 20% stake was sold to General Motors.
On October 5, 2005 Toyota Motor Corporation purchased 8.7% of FHI shares from General Motors who had owned 20.1% of FHI[6] since 1999. GM later divested its remaining 11.4% stake, selling its shares on the open market to sever all ties with FHI. FHI previously stated that there might have been 27 million shares (3.4%) acquired before the start of trading by an unknown party on October 6, 2005, and speculation suggested that a bank or perhaps another automaker was involved. After the purchase, Toyota announced a contract with Subaru on March 13, 2006 to use the underutilized Subaru manufacturing facility in Lafayette, Indiana, and Toyota announced plans to hire up to 1,000 workers and set aside an assembly line for the Camry model, beginning in the second quarter of 2007.
During the brief General Motors period, a "badge engineered" Impreza was sold in the United States as the Saab 9-2X. An SUV (Subaru Tribeca / SAAB 9-6X) was also planned[7][8] but the SAAB version did not proceed.[9]
From Wiki.
Nissan had acquired a 20% stake in 1968 during a period of government-ordered merging of the Japanese auto industry in order to improve competitiveness under the administration of Prime Minister Eisaku Sato. Nissan would utilize FHI's bus manufacturing capability and expertise for their Nissan Diesel line of buses. In turn, many Subaru vehicles, even today, use parts from the Nissan manufacturing keiretsu. The Subaru automatic transmission, known as the 4EAT, is also used in the first generation Nissan Pathfinder. Speculation has suggested that it was Subaru that introduced Renault to Nissan, when Renault asked for assistance in all-wheel drive (AWD) technology, and when FHI told Renault to discuss their plans with Nissan, the discussions may have been a contributing factor to the currently successful Renault-Nissan alliance. Upon Nissan's acquisition by Renault, its 20% stake was sold to General Motors.
On October 5, 2005 Toyota Motor Corporation purchased 8.7% of FHI shares from General Motors who had owned 20.1% of FHI[6] since 1999. GM later divested its remaining 11.4% stake, selling its shares on the open market to sever all ties with FHI. FHI previously stated that there might have been 27 million shares (3.4%) acquired before the start of trading by an unknown party on October 6, 2005, and speculation suggested that a bank or perhaps another automaker was involved. After the purchase, Toyota announced a contract with Subaru on March 13, 2006 to use the underutilized Subaru manufacturing facility in Lafayette, Indiana, and Toyota announced plans to hire up to 1,000 workers and set aside an assembly line for the Camry model, beginning in the second quarter of 2007.
During the brief General Motors period, a "badge engineered" Impreza was sold in the United States as the Saab 9-2X. An SUV (Subaru Tribeca / SAAB 9-6X) was also planned[7][8] but the SAAB version did not proceed.[9]
From Wiki.
24 April 2011, 09:55 PM
#37
Scooby Regular
There was a piece in the Mail on Sunday magazine a while back that showed you who owned what in the car manufacturing world and I seem to remember that Toyota owned a part on both FHI and Mistubishi.
Thread
Thread Starter
Forum
Replies
Last Post
