Nemesis
08-17-2006, 12:18 PM
From http://today.reuters.com/stocks/QuoteCompanyNewsArticle.aspx?view=CN&storyID=2006-08-16T234532Z_01_T211764_RTRIDST_0_AUTOS-TOYOTA-FUJIHEAVY.XML&rpc=66
Toyota may supply Fuji Heavy with small cars
TOKYO, Aug 17 (Reuters) - Toyota Motor Corp., Japan's biggest auto maker, may supply Fuji Heavy Industries Ltd. with small cars for the Subaru-brand car maker to sell in Europe, the Yomiuri newspaper reported on Thursday.
The Yomiuri said Toyota, which is Fuji Heavy's largest shareholder, is looking at providing cars based on its Yaris model and on another model sold only in Europe.
The move would help Fuji Heavy, which lacks a strong small car model in a market where cars must meet new tighter emission standards. It would also help Toyota cut costs by boosting volume sales.
Fuji Heavy, in which Toyota took an 8.7 percent stake from General Motors Corp. last year, is aiming to redefine itself as a premium car maker with upmarket models like the B9 Tribeca SUV but has failed to inspire sufficient sales.
Toyota may supply Fuji Heavy with small cars
TOKYO, Aug 17 (Reuters) - Toyota Motor Corp., Japan's biggest auto maker, may supply Fuji Heavy Industries Ltd. with small cars for the Subaru-brand car maker to sell in Europe, the Yomiuri newspaper reported on Thursday.
The Yomiuri said Toyota, which is Fuji Heavy's largest shareholder, is looking at providing cars based on its Yaris model and on another model sold only in Europe.
The move would help Fuji Heavy, which lacks a strong small car model in a market where cars must meet new tighter emission standards. It would also help Toyota cut costs by boosting volume sales.
Fuji Heavy, in which Toyota took an 8.7 percent stake from General Motors Corp. last year, is aiming to redefine itself as a premium car maker with upmarket models like the B9 Tribeca SUV but has failed to inspire sufficient sales.