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

Toyota Raises Stake In Subaru and Announces New Sports Car for 2011
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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KingerKinger - 4/10/2008 11:27:19 AM
+9 Boost
"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...


SpuckSpuck - 4/10/2008 12:54:32 PM
+1 Boost
"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


LACMANLACMAN - 4/10/2008 1:06:00 PM
-1 Boost
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...


LACMANLACMAN - 4/10/2008 1:07:45 PM
+2 Boost
...My bad Spuck, that reply was to GoObama...


M35MTM35MT - 4/10/2008 1:08:24 PM
0 Boost
009 please delete this guy's account. He's clearly mentally ill.

Thank you


M35MTM35MT - 4/10/2008 1:08:48 PM
+1 Boost
^ That was intended for Go0bama


lexusrox123lexusrox123 - 4/10/2008 1:30:01 PM
+2 Boost
lose more credibilty...that is.


NItePhireNItePhire - 4/10/2008 6:55:48 PM
+1 Boost
Actually he is clearly twelve


ChicaneShooterChicaneShooter - 4/11/2008 6:18:44 AM
+4 Boost

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.




ChicaneShooterChicaneShooter - 4/11/2008 6:27:11 AM
+3 Boost

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


ChicaneShooterChicaneShooter - 4/11/2008 6:35:31 AM
+3 Boost
seems like the double digit negative boost locks out a direct 'relpy to.'


mechengineermechengineer - 4/11/2008 7:04:01 PM
0 Boost
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.


EL34EL34 - 4/10/2008 11:17:57 AM
-3 Boost
But, will it be all electric :-?


EL34EL34 - 4/10/2008 11:43:32 AM
-8 Boost
It was you Dems that shut the electricty off in Hiroshima and Nagasaki during WWII with your WMD.


Auto_expertAuto_expert - 4/10/2008 12:35:45 PM
0 Boost
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.


ChicaneShooterChicaneShooter - 4/11/2008 6:32:46 AM
+1 Boost

right on, kraut master2!!!

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




lexusrox123lexusrox123 - 4/11/2008 9:06:34 AM
+1 Boost
i thought this forum was about cars!! how did it get turned into political people bashing??


montyz81montyz81 - 4/10/2008 11:19:14 AM
+4 Boost
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.


EL34EL34 - 4/10/2008 11:45:55 AM
-3 Boost
montyz81, ToyLex is turning into the auto industry's misfit.

It's sad to watch ;-(


LACMANLACMAN - 4/10/2008 1:11:11 PM
+7 Boost
"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...



lexusrox123lexusrox123 - 4/10/2008 1:33:46 PM
+3 Boost
EL, do you expect people to believe that? you must be deranged...


LexSucksLexSucks - 4/10/2008 3:10:26 PM
+1 Boost
There also like GM in this aspect; They both make lame, boring, life-less appliance cars.


bmwman1963bmwman1963 - 4/10/2008 8:11:56 PM
0 Boost
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.


ChicaneShooterChicaneShooter - 4/11/2008 6:42:51 AM
+3 Boost

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!




MattBMattB - 4/10/2008 11:22:53 AM
+3 Boost
I like it. I will be interested to see what the specs will be as the concept gets developed into a final product.


TargaTarga - 4/10/2008 12:01:49 PM
+2 Boost
Nice looking car. Stick this with Subaru's AWD and I might be sold.




answeranswer - 4/10/2008 12:52:44 PM
+4 Boost
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.






AnthonyAnthony - 4/10/2008 1:59:15 PM
+2 Boost
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.


dumpstydumpsty - 4/10/2008 3:15:15 PM
+1 Boost
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.


Homer008Homer008 - 4/12/2008 1:32:09 AM
+2 Boost
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.


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