Pontiac Solstice Forum banner

1 - 5 of 5 Posts

·
Registered
Joined
·
1,844 Posts
Discussion Starter #1
From www.autoblog.com

Toyota Motor will buy an 8.7 percent position in Fuji Heavy Industries, parent company of Subaru, from General Motors. GM, which currently owns 20 percent of Fuji, will sell its remaining 11.4 percent stake into a Fuji open-market share buy-back program, completely liquidating its position in Fuji by the end of the week.

The Toyota part of the deal is worth $309 million to GM. The value of the Fuji share buy-back will be depend on the open market value of the shares.

The deal allowed GM to restate its second quarter financials to show a $700 million to $800 million reduction in the carrying costs of its Fuji Heavy position.

All Saab-Subaru joint developments will be dropped, except for ongoing supply for Saab’s 9-2x.

Meanwhile, Toyota will benefit from access to Fuji Heavy’s underutilized manufacturing facilities, especially in the U.S., as well as key technologies such as advanced lithium-ion batteries and all-wheel-drive powertrains.
Wondering about the future of Saab and their ties to Subaru. Looks like GM may be meeting its current major cash flow needs by divesting itself of ancillary holdings. Is Suzuki next? Wondering if it'll go so far as subsidiaries (Diwoo, Saab, etc.)
 

·
Premium Member
Joined
·
8,901 Posts
Now GM difentely does NOT have a WRC car under their stable.

AWD 250+ HP Turbocharged GM's here we come!!! :D
 

·
Mod Emeritus
Joined
·
7,468 Posts
Sounds like the only thing this could really hurt is the slow selling Saab 9-2X. GM had already ditched the Saab/Subaru crossover SUV development they had started working on together.

The future of GM crossovers appears to be that Opel concept the recently showed in Frankfurt, which is supposedly a good hint at what the next Saturn Vue will be like.
 

·
Premium Member
Joined
·
5,849 Posts
Heard this tonight on NPR. Seems Toyota is the frontrunner now.
 

·
Registered
Joined
·
621 Posts
Subaru GM alliance really hasn't helped either one that much has it? Not too much in the way of technology sharing, so it's not a huge loss. Hopefully it will free up some money to really start using Daewoo/Suzuki/Isuzu. Throw an Isuzu diseal into the Aveo and get some nice MPG :)
 
1 - 5 of 5 Posts
Top