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Toyota, Daihatsu, and FHI Deepen Ties With Agreements for New Vehicles

Toyota Motor Corporation (TMC), Daihatsu Motor Co. and Fuji Heavy Industries (FHI), the maker of Subarus, are expanding their cooperative ties with new arrangements related to research and development and product supply.

  • Toyota and FHI will jointly develop a compact rear-wheel-drive sports car that will be marketed by both TMC and FHI. The car is envisioned to be based on an all-new vehicle platform powered by an FHI core-technology horizontally-opposed engine. Market introduction is targeted for the end of 2011. Production is to take place at a new plant to be built at FHI’s Gunma Manufacturing Division in Japan's Gunma Prefecture. TMC will consign production to FHI.

  • Toyota will provide FHI with a compact car on an original-equipment-manufacturing (OEM) basis. Supply is expected to start around the end of 2010.

  • Daihatsu will supply FHI with minivehicles and an FHI version of the Daihatsu Coo compact car on an OEM basis. The OEM supply of minivehicles for the Japanese market to FHI by Daihatsu is expected to allow FHI to focus its R&D and production resources on its main products. Such supply is planned to start in the second half of 2009. This arrangement is also expected to enable Daihatsu to improve its business efficiency, such as through increasing its cost competitiveness due to increased production volume.

Toyota is also boosting its stake in FHI to 16.5%. (Earlier post.)


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