INTERNATIONAL NEWS
Toyota and Subaru strengthen alliance
Tie-up raises speculation that smaller carmakers may be absorbed into the Toyota fabric in the future
03 October 2019 - 05:06
Toyota will raise its stake in Subaru to 20% from about 17%, the two Japanese carmakers said on Friday, as they leverage their scale to better compete in developing new vehicle technologies.
The investment comes a month after Toyota and another smaller Japanese manufacturer, Suzuki, said they would take small equity stakes in each other...
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