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Toyota to nearly double stake in Subaru parent

April 1, 2008
Toyota Motor Corp. intends to boost its stake in Fuji Heavy Industries Ltd. from 8.7 percent to about 17 percent, according to Bloomberg.

Fuji makes Subaru cars.

The Fuji assembly plant in Lafayette, Subaru of Indiana Automotive Inc., in April 2007 also began assembling Toyota Camry sedans.

The additional line in Lafayette resulted in approximately 1,000 new jobs. The Lafayette plant assembles Subaru Outback and Legacy cars and the Tribeca sport-utility vehicle.

Toyota operates assembly plants at Princeton that assemble the Sequoia sport-utility vehicle, Sienna minivan and Tundra pickup truck.

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