Toyota and Subaru agree on new business and capital alliance
Toyota Motor and Subaru agreed today on a new business and capital alliance with the aim of further developing and strengthening their long-term partnership.
Ever since concluding an agreement on business collaboration in 2005, partnership between Toyota and Subaru has included contract production by Subaru of Toyota vehicles and supply by Toyota of vehicles to Subaru, as well as joint development of the rear-wheel-drive Toyota 86 and Subaru BRZ sports car models.
In this period of vast changes enveloping the automotive industry, by strengthening their bonds and aligning their capabilities, Toyota and Subaru aim to respond to the new domains of CASE (connected, autonomous/automated, shared, and electric) and to make ever-better cars.
Toyota will increase its equity stake in Subaru and that Subaru will acquire shares in Toyota.