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Old 02-19-2007, 12:02 PM   #1
Packer
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Default Toyota can buy Subaru
Translation from an article published this morning in La Presse, a daily French-Language newspaper in Montreal... Couldn't fin the Automotive news link...

http://www.monvolant.ca/article/20070216/MVAUTOCAMION01/70216073/5781/MVAUTOCAMION01
Toyota can buy Subaru

Éric Descarries
La Presse

Collaboration spéciale

According to Automotive News, changes to japanes laws will allow Toyota to buy Fuji Heavy Industries, maker of Subaru cars.

In October 2005, Toyota bought 8,7% of the actions of Fuji Heavy whe GM sold its 20% share. Toyota wanted to buy more Fujy Heavy shares but japanes antitrust laws could prohibit it. In Japan, it is not allowed to detain more than 50% of a product's market.

Together, Toyota and Subaru detain 45,6% of the japanese car market. But news laws will consider world market instead of domestic market. This change will take place in next april.
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Old 02-19-2007, 12:03 PM   #2
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That's a big WTLW there.
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Old 02-19-2007, 12:10 PM   #3
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Originally Posted by LastResort View Post
That's a big WTLW there.
http://forums.nasioc.com/forums/show....php?t=1195330
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Old 02-19-2007, 12:12 PM   #4
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+1 post count then
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