The Japanese car manufacturer Toyota is going to increase its stake in industry companion Subaru to at least 20 percent, from the current 17 percent. The company confirmed this after reporting by business newspaper Nikkei. Subaru will in turn take an interest in Toyota.
The deal was approved on Friday. Totoya has been investing in the smaller Subaru since 2005 and has further expanded its investment over time. With partnerships, Toyota wants to stimulate its growth and work on new technologies, among other things. Toyota also has interests of less than 10 percent in Suzuki Motor and Mazda Motor.
Nicholas de Krammer, а self-taught economic analytic with heave mathematical background. Math behind the economics (and economics behind math) is the strong side of the author. Contact him at firstname.lastname@example.org