Feb 19 2020
Subaru has officially joined up with Toyota Motor Corporation
Toyota Motor Corporation and Subaru officially announced that they are going to deepen their ties in capital alliance and new business. Toyota announced that they are going to increase its stake equity in Subaru from 16.83% share to a total of 20%. While Subaru is invested new shares in Toyota up to JPY 80 billion monetary funds. Subaru is planning to introduce only electrified vehicles in the market for sale by 2030, Toyota has much more experience in electrification of vehicle and Toyota hybrid systems help them to achieve that goal.