GM sell Subaru to Toyota

[S.C.]

GM has sold 20,09% of Fuji Heavy, 8,7% bought from Toyota the rest from
Fuji Heavvy itself
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"Steu" (43-156-Italy)
Per rispondermi in privato sostituire inwind con yahoo
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[bigjim]

Good. Toyota and subaru will benefit unless subaru gets toyota styling.
Gm affiliations just means cars get crappy GM components- case in point
my 94 Isuzu Trooper had all Jap parts except tranny. Guess what went At
110k mikes the GM4L30 trans.

 

[lkreh]

I don't know that this is a good thing. When it came to Subaru, GM
left well enough alone (exception: Onstar). It seems to me that Toyota
will be more likely to tinker with the brand in order to "Toyotafy" it.

 

[phillystyle]

I agree. I hope Toyota takes a pretty hands-off apporach. I wonder what
this means for all the Subaru-GM joint projects and shared technology. Is
this the end of the Saabarus? Is this the sign that we can stick a fork in
Saab, cause they're done?

 

[phillystyle]

On the subject:

http://www.subdriven.com/news/publish/Subaru_News/article_400.shtml

 

[B a r r y]

Is this the sign that we can stick a fork in
Saab, cause they're done?

Maybe THIS will:

http://www.detnews.com/2005/autosinsider/0509/29/01-332006.htm

$77,000,000+ US. Ouch!

 

[the one and only]

I just hope that Subaru gets Toyota RELIABILITY!!!!!!
It would be nice to go a coupla hundred thousand miles with very few
problems.

 

[S.C.]

Good. Toyota and subaru will benefit unless subaru gets toyota styling.
Gm affiliations just means cars get crappy GM components- case in point
my 94 Isuzu Trooper had all Jap parts except tranny. Guess what went At
110k mikes the GM4L30 trans.

Financial and real life job ar different some time,
GM has left Fiat but this year has started to sell models with Ople GM
chassis and GM brands Opel and Suzuki now sell card powerd by Fiat
diesel engine.
Smallest car sold here with brand Subaru are GM Suzuki cars branded Subaru


--

"Steu" (43-156-Italy)
Per rispondermi in privato sostituire inwind con yahoo
Subaru Legacy GX 2500 a benzina
Iscriviti alla mailing list Subaru Legacy cliccando qui sotto
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[Wayne Farmer]

GM has sold 20,09% of Fuji Heavy, 8,7% bought from Toyota the rest from
Fuji Heavvy itself
--

Here's a link to an AP story, with some analyst comments:

http://enews.earthlink.net/article/top?guid=20051005/4344a140_3ca6_1552620051006786193582

 

[Mike Deskevich]

I don't know that this is a good thing. When it came to Subaru, GM
left well enough alone (exception: Onstar). It seems to me that Toyota
will be more likely to tinker with the brand in order to "Toyotafy" it.

i think toyotafying a subaru will be great! i love my toyota, it's
just screwed together much better than my subaru. i got lucky with my
subaru being a '99, which is pre GM. i was worried about replacement
time, i didn't want to get a GM subaru, so i started thinking about
other brands. but now i'll give toyota a couple of years to get the GM
parts out of the bins and i'll seriously consider a new subaru.

 

[B a r r y]

i think toyotafying a subaru will be great! i love my toyota, it's
just screwed together much better than my subaru.

My thoughts exactly. Toyota QC is _o_u_t_s_t_a_n_d_i_n_g_.

On another note, Subaru may now get access to the best hybrid system out
there. Maybe Subaru can also get some Toyota clutches.

A high-output, turbo H4 would be really cool in an MR2 type vehicle, as
well!


The downside is that both brands seem to design exterior bodywork on
matchbook covers. I love Toyota trucks, but I accept the fact that they
aren't the prettiest vehicles around.

 

[Mike Deskevich]

Maybe Subaru can also get some Toyota clutches.

yeah, that'd be great! the clutch in my '89 4runner lasted 212,000
miles, the one in my '99 legacy, only 50,000.

A high-output, turbo H4 would be really cool in an MR2 type vehicle, as
well!

a high-output engine would be nice, but i don't think the problem is
that toyota doesn't know how to make high-output engines, i just think
they choose to optimize for longevitiy by detuning the engines a bit.
in fact, i think the MR2 of the 80's had the same 22RE as my 4runner,
but the 4runner engine (now with 250,000 trouble free miles) was
detuned to only about 100-110 HP where as the MR2 engine was a bit more
powerful.

you're right, toyota's (or even subaru's) new styling isn't that great
(although, i really like the lexus IS for some reason), but i really
can't think of any company right now that's doing a good job on
styling. BMW was doing well for a while and they've completly ruined
everything. mercedes is still pretty good, but nothing great. i was
happy with vw/audi until this latest generation (although the new
passat they have in europe is pretty cool looking).

mike

 

[B a r r y]

a high-output engine would be nice, but i don't think the problem is
that toyota doesn't know how to make high-output engines, i just think
they choose to optimize for longevitiy by detuning the engines a bit.

I'm with ya', but I'm thinking more of the "sportiness". Subie's H4's
LOVE R's, staying smooth as silk past the redlines of I4's and V6's

My manual shift '01 Outback, which was a jacked up station wagon (not
all that on-road sporty), just taunted you to take it into 5,000 RPM
range. <G>

I'm not so sure I want to think about a 22R @ 5,500 RPM on a regular basis.

 

[TomH]

Here's a link to an AP story, with some analyst comments:

http://enews.earthlink.net/article/top?guid=20051005/4344a140_3ca6_1552620051006786193582

Thanks for the link.

Of note:

-->GM will make around $725 million from the sale of its entire share of Fuji,
-->GM bought its stake in Fuji five years ago for about $1.3 billion.

OUCH!


-->Merkle said GM failed to leverage its partnership with Subaru.
-->GM had plans to use Subaru's all-wheel-drive technology but
-->never did, Merkle said. GM also should have taken advantage of
-->Subaru's expertise in the growing crossover segment, he said.

~$575 million for the x-sale of Saabarus and Onstar, plus
lost opportunities. OUCH^2

 

[Mike Lloyd]

but that wasn't the whole sale. See, they sold only a portion of their
haldings of Fuji to Toyota, the rest they will sell on the open market or
back to Fuji. In the end they'll lose moolah, but not as bad as it would
apear based on these initial numbers.

 

[aniramca]

So, with this new acquisition, is Subaru now 100% owned by Toyota?
I saw a Subaru Tribeca today. It seems like a nice car... a modern and
nice interior. The exterior seems a little odd, tough.

Will GM plan to sell Saab too?

Perhaps if Toyota, Subaru and other Japanese automaker stop using their
design teams in California, they can produce much nicer looking cars.
Otherwise, they will be making those yucky styles like HHR, Pontiac
Aztek, shoe style PT Cruiser, flat face 300M, Honda element, etc.

 

[Steve Mackie]

So, with this new acquisition, is Subaru now 100% owned by Toyota?

I saw a Subaru Tribeca today. It seems like a nice car... a modern and
nice interior. The exterior seems a little odd, tough.

You should do some reading. GM sold only 40% of it's shares in Fuji to
Toyota, equal to 8.7% ownership. With that, Toyota will become Fuji's
largest shareholder. However, GM is selling the other 60% (89M) of it's
shares on the open market, and Fuji says it's going to buy back 90M shares
from the open market. So in essence, Fuji will be it's own majority share
holder.

Steve

 

[Mark A]

You should do some reading. GM sold only 40% of it's shares in Fuji to
Toyota, equal to 8.7% ownership. With that, Toyota will become Fuji's
largest shareholder. However, GM is selling the other 60% (89M) of it's
shares on the open market, and Fuji says it's going to buy back 90M shares
from the open market. So in essence, Fuji will be it's own majority share
holder.

Steve

Treasury Stock (stock owned by the company who issued it) are not considered
to be shares outstanding and have no voting rights.

 

[Edward Hayes]

GM is expected to sell off other holdings too. Their best move would
be to sell off the CEO,CFO, chairman of the board and all board voting
members who belong to GM. i.e. start with some new blood that have a
vision to make good vehicles instead of a big paycheck next year. JMHO

 

[Rick Courtright]

So, with this new acquisition, is Subaru now 100% owned by Toyota?

Hi,

Original reports when GM bought into FHI a coupla years back was they
were buying a 20% interest. Don't recall any subsequent purchases. So
the most Toyota could own would be 20%, though the reports here say
they're only buying a part of GM's holdings.

Will GM plan to sell Saab too?

Local paper reported several weeks ago this option's on the table, but
GM's still hashing over what to do w/ SAAB.

Otherwise, they will be making those yucky styles like HHR, Pontiac
Aztek, shoe style PT Cruiser, flat face 300M, Honda element, etc.

I'll agree all those you mentioned run from unattractive to just plain
butt ugly, but as long as people keep buying that stuff, mfrs will buy
into the styling trends. Witness the Dodge Ram trucks in their current
incarnation: when they first appeared it was a love-hate deal with most
people WRT styling. But Ford, GM and Toyota all looked at the fact Dodge
was selling more trucks than it did before, and now we've got all kinds
of clones. Sad. Even marques such as M-B do it: look at a current C230
and tell me it's not a Teutonic Honda Accord! If only it were as
reliable...

Rick