# Toyota to buy GM's Fuji Heavy Industry shares **URL:** \ **Category:** NYSpeed Automotive\ **Created:** [October 5, 2005, 7:08am UTC](https://forums.speedlife.net/t/toyota-to-buy-gms-fuji-heavy-industry-shares/3054 "2005-10-05T07:08:25Z")\ **Posts on this page:** 20\ **Page:** 1
**Author:** ![RedGoober4Life](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/redgoober4life/32/7610_2.png) [@RedGoober4Life](https://forums.speedlife.net/u/RedGoober4Life)\ **Post date:** [October 5, 2005, 7:08am UTC](https://forums.speedlife.net/t/toyota-to-buy-gms-fuji-heavy-industry-shares/3054/1 "2005-10-05T07:08:25Z")
_**Oct 5 (Reuters)**_ _Toyota Motor Corp. (7203.T:_ [_Quote_](http://today.reuters.com/stocks/overview.aspx?symbol=7203.T)_,_ [_Profile_](http://today.reuters.com/stocks/CompanyProfile.aspx?symbol=7203.T)_,_ [_Research_](http://today.reuters.com/stocks/ResearchReports.aspx?symbol=7203.T)_) will buy shares in Japanese auto maker Fuji Heavy Industries Ltd. (7270.T:_ [_Quote_](http://today.reuters.com/stocks/overview.aspx?symbol=7270.T)_,_ [_Profile_](http://today.reuters.com/stocks/CompanyProfile.aspx?symbol=7270.T)_,_ [_Research_](http://today.reuters.com/stocks/ResearchReports.aspx?symbol=7270.T)_) from General Motors Corp. (GM.N:_ [_Quote_](http://today.reuters.com/stocks/overview.aspx?symbol=GM.N)_,_ [_Profile_](http://today.reuters.com/stocks/CompanyProfile.aspx?symbol=GM.N)_,_ [_Research_](http://today.reuters.com/stocks/ResearchReports.aspx?symbol=GM.N)_), Japanese national broadcaster NHK reported on Wednesday._ _The report came minutes after Toyota said it would hold a news conference to announce a basic agreement between it and Subaru car maker Fuji Heavy on a business tie-up. The two companies will jointly brief the press at 6:30 p.m. (0930 GMT) in Tokyo, Toyota said. Fuji Heavy President Kyoji Takenaka and Toyota Executive Vice President Mitsuo Kinoshita will attend._ _GM owns 20 percent of Fuji Heavy._ [_[http://today.reuters.com/investing/financeArticle.aspx?type=mergersNews&storyID=2005-10-05T064647Z\_01\_TKV002217\_RTRIDST\_0\_AUTOS-TOYOTA-FUJIHEAVY.XML](http://today.reuters.com/investing/financeArticle.aspx?type=mergersNews&storyID=2005-10-05T064647Z_01_TKV002217_RTRIDST_0_AUTOS-TOYOTA-FUJIHEAVY.XML)__TOKYO]([http://today.reuters.com/investing/financeArticle.aspx?type=mergersNews&storyID=2005-10-05T064647Z\_01\_TKV002217\_RTRIDST\_0\_AUTOS-TOYOTA-FUJIHEAVY.XMLTOKYO](http://today.reuters.com/investing/financeArticle.aspx?type=mergersNews&storyID=2005-10-05T064647Z_01_TKV002217_RTRIDST_0_AUTOS-TOYOTA-FUJIHEAVY.XMLTOKYO))_ ---
**Author:** ![Jack](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jack/32/7613_2.png) [@Jack](https://forums.speedlife.net/u/Jack)\ **Post date:** [October 5, 2005, 7:13am UTC](https://forums.speedlife.net/t/toyota-to-buy-gms-fuji-heavy-industry-shares/3054/2 "2005-10-05T07:13:04Z")
:gotme: ---
**Author:** ![RedGoober4Life](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/redgoober4life/32/7610_2.png) [@RedGoober4Life](https://forums.speedlife.net/u/RedGoober4Life)\ **Post date:** [October 5, 2005, 7:15am UTC](https://forums.speedlife.net/t/toyota-to-buy-gms-fuji-heavy-industry-shares/3054/3 "2005-10-05T07:15:18Z")
Fuji is the parent company of Suburu. :shrug: ---
**Author:** ![Jack](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jack/32/7613_2.png) [@Jack](https://forums.speedlife.net/u/Jack)\ **Post date:** [October 5, 2005, 7:16am UTC](https://forums.speedlife.net/t/toyota-to-buy-gms-fuji-heavy-industry-shares/3054/4 "2005-10-05T07:16:15Z")
I got that from the reading, but I’m not sure whats going to happen… was hoping you had some insight. ---
**Author:** ![RedGoober4Life](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/redgoober4life/32/7610_2.png) [@RedGoober4Life](https://forums.speedlife.net/u/RedGoober4Life)\ **Post date:** [October 5, 2005, 7:22am UTC](https://forums.speedlife.net/t/toyota-to-buy-gms-fuji-heavy-industry-shares/3054/5 "2005-10-05T07:22:38Z")
Well GM isn’t going to be able to make more Saaburus. Which is sad, because once again they’ll be based on Opels that nobody really enjoys driving. But I wonder why GM is selling off their shares. ---
**Author:** ![JaysGreenLX](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jaysgreenlx/32/7321_2.png) [@JaysGreenLX](https://forums.speedlife.net/u/JaysGreenLX)\ **Post date:** [October 5, 2005, 8:05am UTC](https://forums.speedlife.net/t/toyota-to-buy-gms-fuji-heavy-industry-shares/3054/6 "2005-10-05T08:05:47Z")
No more Saab 9-2X I guess. ---
**Author:** ![raven](https://avatars.discourse-cdn.com/v4/letter/r/9fc348/32.png) [@raven](https://forums.speedlife.net/u/raven)\ **Post date:** [October 5, 2005, 10:50am UTC](https://forums.speedlife.net/t/toyota-to-buy-gms-fuji-heavy-industry-shares/3054/7 "2005-10-05T10:50:38Z")
In before Honda buys up some stock in Mitsubishi Motor company 😃 ---
**Author:** ![RedGoober4Life](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/redgoober4life/32/7610_2.png) [@RedGoober4Life](https://forums.speedlife.net/u/RedGoober4Life)\ **Post date:** [October 5, 2005, 11:43am UTC](https://forums.speedlife.net/t/toyota-to-buy-gms-fuji-heavy-industry-shares/3054/8 "2005-10-05T11:43:03Z")
I don’t think Honda would. They’re very small, actually. ---
**Author:** ![NHRATA01](https://avatars.discourse-cdn.com/v4/letter/n/7c8e57/32.png) [@NHRATA01](https://forums.speedlife.net/u/NHRATA01)\ **Post date:** [October 5, 2005, 12:18pm UTC](https://forums.speedlife.net/t/toyota-to-buy-gms-fuji-heavy-industry-shares/3054/9 "2005-10-05T12:18:02Z")
Damn, I was hoping if anything GM would increase their stake so eventually Suby would be included in GM employee deals. Wouldn’t mind owning a WRX or STi for the daily driver. The Saabaru was a hell of a bargain too. $19,xxx with employee pricing when they had it. ---
**Author:** ![RobHimself](https://avatars.discourse-cdn.com/v4/letter/r/e480ec/32.png) [@RobHimself](https://forums.speedlife.net/u/RobHimself)\ **Post date:** [October 5, 2005, 12:30pm UTC](https://forums.speedlife.net/t/toyota-to-buy-gms-fuji-heavy-industry-shares/3054/10 "2005-10-05T12:30:44Z")
Yeah they were going for 19,700 from what i heard. That is an amazing price for a car=wrx ---
**Author:** ![JDMR2](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jdmr2/32/7587_2.png) [@JDMR2](https://forums.speedlife.net/u/JDMR2)\ **Post date:** [October 5, 2005, 2:09pm UTC](https://forums.speedlife.net/t/toyota-to-buy-gms-fuji-heavy-industry-shares/3054/11 "2005-10-05T14:09:39Z")
wtf ---
**Author:** ![neurokinetik](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/neurokinetik/32/7270_2.png) [@neurokinetik](https://forums.speedlife.net/u/neurokinetik)\ **Post date:** [October 5, 2005, 2:12pm UTC](https://forums.speedlife.net/t/toyota-to-buy-gms-fuji-heavy-industry-shares/3054/12 "2005-10-05T14:12:03Z")
> [@JaysGreenLX](#): > > No more Saab 9-2X I guess. Yep. And therefore no more GM discount on a “Subaru” through that route… ---
**Author:** ![halas](https://avatars.discourse-cdn.com/v4/letter/h/898d66/32.png) [@halas](https://forums.speedlife.net/u/halas)\ **Post date:** [October 5, 2005, 2:36pm UTC](https://forums.speedlife.net/t/toyota-to-buy-gms-fuji-heavy-industry-shares/3054/13 "2005-10-05T14:36:19Z")
Toyota Motor Corporation will purchase 68 million shares, or approximately 8.7 percent, and GM is selling back the other 11.3 to FHI. ---
**Author:** ![amspimpwagon](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/amspimpwagon/32/7339_2.png) [@amspimpwagon](https://forums.speedlife.net/u/amspimpwagon)\ **Post date:** [October 5, 2005, 3:40pm UTC](https://forums.speedlife.net/t/toyota-to-buy-gms-fuji-heavy-industry-shares/3054/14 "2005-10-05T15:40:16Z")
So will this have anything to do with what cars Toyota is making in the future? Or are they just buying share for the hell of it? I hope we dont have somthing like Geo Corolla again… ---
**Author:** ![RedGoober4Life](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/redgoober4life/32/7610_2.png) [@RedGoober4Life](https://forums.speedlife.net/u/RedGoober4Life)\ **Post date:** [October 5, 2005, 3:40pm UTC](https://forums.speedlife.net/t/toyota-to-buy-gms-fuji-heavy-industry-shares/3054/15 "2005-10-05T15:40:18Z")
OT: why do you have negative karma ☹ ---
**Author:** ![halas](https://avatars.discourse-cdn.com/v4/letter/h/898d66/32.png) [@halas](https://forums.speedlife.net/u/halas)\ **Post date:** [October 5, 2005, 6:56pm UTC](https://forums.speedlife.net/t/toyota-to-buy-gms-fuji-heavy-industry-shares/3054/16 "2005-10-05T18:56:37Z")
I called Kingsario a cockblocker… ---
**Author:** ![BubbleSparkxx](https://avatars.discourse-cdn.com/v4/letter/b/a87d85/32.png) [@BubbleSparkxx](https://forums.speedlife.net/u/BubbleSparkxx)\ **Post date:** [October 5, 2005, 7:48pm UTC](https://forums.speedlife.net/t/toyota-to-buy-gms-fuji-heavy-industry-shares/3054/17 "2005-10-05T19:48:37Z")
apparently speculation is that GM is hurting financially and they’re just trying to dump some assets at a fair market rate… ---
**Author:** ![NHRATA01](https://avatars.discourse-cdn.com/v4/letter/n/7c8e57/32.png) [@NHRATA01](https://forums.speedlife.net/u/NHRATA01)\ **Post date:** [October 6, 2005, 6:32am UTC](https://forums.speedlife.net/t/toyota-to-buy-gms-fuji-heavy-industry-shares/3054/18 "2005-10-06T06:32:23Z")
I think GM wanted to turn over some cash since they forsee poor 3Q earnings. We’ll find out soon. Rumor I heard is Toyota bought Suby because Suby has a patent on some advanced battery technologies, and Toyota wants to work that into their next generation hybrids. Could be interesting. ---
**Author:** ![zwarbyt](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/zwarbyt/32/7623_2.png) [@zwarbyt](https://forums.speedlife.net/u/zwarbyt)\ **Post date:** [October 6, 2005, 6:35am UTC](https://forums.speedlife.net/t/toyota-to-buy-gms-fuji-heavy-industry-shares/3054/19 "2005-10-06T06:35:02Z")
AWD toyotas for Teh win ---
**Author:** ![RedGoober4Life](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/redgoober4life/32/7610_2.png) [@RedGoober4Life](https://forums.speedlife.net/u/RedGoober4Life)\ **Post date:** [October 6, 2005, 7:02am UTC](https://forums.speedlife.net/t/toyota-to-buy-gms-fuji-heavy-industry-shares/3054/20 "2005-10-06T07:02:47Z")
“The New Scion tC. Available with Suburu All Wheel Drive” does have its possibilities. [Next page](https://forums.speedlife.net/t/toyota-to-buy-gms-fuji-heavy-industry-shares/3054.md?page=2)