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Subaru Corp - To Suspend Production At Gunma Factory Due To Typhoon Damage At Some Suppliers
Toyota Says To Raise Stake In Subaru To Over 20%
Subaru Of America Reported 70,039 Vehicle Sales For August 2019, A 9.3% Increase
SUBARU CORPORATION is a Japan-based company engaged in the manufacture of Subaru automobiles. The Company operates through two business segments. The Automobile segment is engaged in the manufacture, sale and repairing of mini cars, small cars, ordinary cars and their parts. The Aerospace segment is engaged in the manufacture, sale and repairing of aircraft, space-related equipment and parts. The Company is also engaged in real estate leasing business, the manufacture and sale of houses, as well as the provision of repair services of houses.
Auto & Truck Manufacturers
Ebisu Subaru Bldg., 1-20-8, Ebisu
Chairman of the Board
President, Chief Executive Officer, Representative Director
Chief Financial Officer, Senior Managing Executive Officer, Director
Chief Technology Officer, Senior Managing Executive Officer, Chief Senior Director of Technology, Director
Vice President, Representative Director
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Toyota Motor Corp <7203.T> will raise its stake in Subaru Corp <7270.T> to 20% from around 17%, the two Japanese automakers said on Friday, as they leverage their scale to better compete in developing new vehicle technologies.
* For factbox on Toyota's investments in automakers, click on:
Toyota Motor Corp <7203.T> on Friday announced plans to raise its stake in Subaru Corp <7270.T> to more than 20% as Japan's biggest automaker cements ties with its smaller rival to better compete with overseas automakers to develop new technologies.
Toyota Motor Corp and Subaru Corp aim to strengthen their partnership by investing in each other, two people with direct knowledge of the matter said on Friday.
Toyota Motor Corp plans to raise its stake in Subaru Corp to more than 20% from around 17% now, expanding their partnership to invest more effectively in new technologies, Nikkei reported on Friday.
Japanese shares staged a modest rebound on Tuesday after a sharp selloff in the previous session as investors were relieved by U.S. President Donald Trump's comments that the United States would not imminently impose new tariffs on autos imported from Japan.
Subaru Corp <7270.T> reported a 48% increase in first-quarter operating profit on Monday as global sales grew, led by demand for the Ascent and Forester SUVs in the United States.
Toyota Motor Corp and Subaru Corp on Thursday said they plan to jointly develop a battery-electric sport-utility vehicle (SUV) on a platform produced together as they seek to split the cost of producing the lower-emissions car.
Toyota Motor Corp and Subaru Corp have agreed to jointly develop a battery-electric-vehicle (BEV) platform and a BEV sport-utility vehicle for sale under each company's own brand, Toyota said on Thursday.
Japanese automaker Subaru Corp on Friday forecast profit to jump about a third this year on a projected recovery in vehicle sales, bouncing back from last year when earnings halved due to production delays and mounting product recalls.
Subaru Corp released its earnings results hours ahead of schedule on Friday after the Japanese automaker inadvertently uploaded its financials on its website earlier than planned.
Subaru Corp plans to recall around 2.3 million vehicles globally over a brake light problem, in what would be the automaker's biggest-ever recall as it grapples with a series of quality-related issues following rapid expansion.
Tokyo's Nikkei share average surged to 2-1/2-month highs on futures buying after the dollar rose against the yen on the back of strong U.S. economic growth, giving Japanese exporters a boost.
Tokyo's Nikkei share average pulled ahead on futures buying after the dollar rose against the yen on the back of stronger-than-expected U.S. gross domestic product data, giving Japanese exporters a boost.
Japan's Subaru Corp cut its full-year earnings forecast by 16 percent to flag its weakest profit in six years due to a production stoppage but its shares climbed 6 percent as some investors were optimistic the worst was over for the automaker.
Subaru Corp slashed its full-year outlook on Thursday as the Japanese automaker struggled with production and issues stemming from a defect in one of its components.
Subaru Corp said it restarted its sole car factory in Japan on Monday after halting the plant for almost two weeks due to a suspected defect in a power-steering component.
Subaru Corp on Friday said it did not pay overtime wages over a two-year period to some 3,400 employees who under-reported their hours, a revelation that surfaced in an internal probe following the 2016 suicide of an overworked employee.
Subaru Corp <7270.T> said its sole car factory in Japan, accounting for roughly 60 percent of global production, could be out of action for almost two weeks after it discovered a suspected defect in a power-steering component.
Subaru Corp said its sole car factory in Japan accounting for roughly 60 percent of global production had halted output a week ago after it discovered a defect in a component procured from a supplier.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.