GM and FHI end collaboration:-

"Tokyo, October 5, 2005 - Fuji Heavy Industries, Ltd. (FHI), a global manufacture of transportation and aerospace-related products and the maker of Subaru automobiles, today released its plan of their alliance changes.

FHI and General Motors Corp. (GM) agreed to dissolve its strategic alliance and capital relationship and GM, the top shareholder of FHI, will sell all the FHI stocks they hold. In December 1999, FHI and GM agreed upon a capital and strategic alliance"

And Toyota join in partnership:-

"Tokyo - TOYOTA MOTOR CORPORATION (TMC) and FUJI HEAVY INDUSTRIES LTD. (FHI) announced today that they have signed a memorandum of understanding stating they will start studying the synergic effects of business collaboration.

TMC and FHI initiated business ties in 2003, when they announced that FHI would feature TMC’s “G-BOOK” network information service as “Subaru G-BOOK” in Subaru-brand vehicles for the Japanese market. TMC and FHI have come to view that, while they respect each other’s independency in management, each side could prosper further by strengthening their business relationship, as global competition intensifies"

Toyota are buying the GM shares ................. will we see a Subaru Sportscar?

Pete

 

or a Subaru Formula 1 car/team?

 

That's good news. GM's history of involvement with its smaller partner firms is not exactly glittering (look at what has happened to Saab) and you could start to see Subaru going the same way.