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Old 07-31-2000, 01:26 PM   #7

Member#: 922
Join Date: Feb 2000
Chapter/Region: MWSOC
Location: Schaumburg, IL
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From this site (dated Dec. 10, 1999) :

General Motors Corp. will pay $1.4 billion for a 20 percent stake in Fuji Heavy Industries Ltd., the Japanese automaker that builds Subaru vehicles, company officials announced early today in Tokyo. The deal will allow the companies to share technology. GM will become Fuji's largest shareholder, but Fuji will retain its management. The deal, called a "broad partnership" by GM, will focus on small and midsize sport-utility vehicles as well as new-generation transmissions. Observers say it gives GM another means to tap the Asian market, which is expected to see demand for vehicles rise as the region's economy strengthens.

[This message has been edited by 8Complex (edited July 31, 2000).]
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