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Toyota to buy Fuji shares from GMPosted by Retirement on: 2005-10-05 08:30:13 in category:
Stocks & Securities [ Print | Permalink / 0 Comment(s) ] By Ted Evanoff ted.evanoff@indystar.com Toyota Motor Corp. said today it will buy 8.7 percent of Fuji Heavy Industries Ltd. from General Motors Corp. Fuji owns the Subaru automobile brand and operates the 2,800-employee Subaru Indiana Automotive vehicle assembly plant at Lafayette. GM acquired a 20-percent stake in Fuji Heavy in 1999 in part to gain access to all-wheel-drive technology. GM said it will sell off its remaining shares in Fuji at a later date. GM, which posted a $1.2 billion second-quarter North American operating loss, is struggling to restructure and bail out ailing auto parts maker Delphi. Homepage Other open community sites http://www.business-business.biz Please support our sponsors: To design your custom retirement plan. http://www.retirement-plan.us For planning IRA rollovers. http://www.ira-rollover.us Professional asset allocation and the wonders it can do. http://www.asset-allocation.us Professional money management- Nationally ranked performance. http://www.roth-ira.us Managers selected to fit your needs. http://www.money-managers.us |
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