Factbox: With bigger stake in Subaru, Toyota expands reach over Japan automakers

YAMAHA

27/09/2019 08:51

TOKYO, Sept 27 (Reuters) - Toyota Motor Corp  7203.T  on
Friday announced plans to raise its stake in Subaru Corp
 7270.T  to more than 20% as Japan's biggest automaker cements
ties with its smaller rival to better compete with overseas
automakers to develop new technologies. 
    Toyota's stakeholding in Subaru is the biggest of its
investments in other Japanese automakers, and is the latest in a
long history of stakeholdings which date back more than half a
century:
    
    SUBARU CORP
    October 2005
    Toyota takes an 8.7% stake in Fuji Heavy Industries (FHI),
currently known as Subaru, after General Motors Co  GM.N  sells
its stake in FHI when the two automakers dissolve their
strategic alliance and capital relationship. 
    April 2008
    Toyota increases its stake in FHI to 16.5%. The two
companies also decide to cooperate in research and development,
developing a rear-wheel drive sports car, which becomes known as
the Toyota 86 and the Subaru BRX. They also decide that Subaru
will stop producing mini-cars for the Japanese market, and
instead procure them from Toyota subsidiary Daihatsu.
    
    MAZDA MOTOR
    August 2017 
    Toyota takes a 5% stake in Mazda Motor Corp  7261.T  as the
two companies announce they will work together on developing
electric vehicles and build an assembly plant in the United
States. Mazda takes a 0.25% stake in Toyota.
    
    SUZUKI MOTOR
    October 2016
    Suzuki Motor Corp  7269.T  and Toyota announce they will
explore a business partnership to leverage each others'
strengths to develop new vehicle technologies. Since then, they
have announced they would produce EVs and compact cars for each
other.
    August 2019
    Toyota takes a 4.94% stake in Suzuki. Suzuki takes a 0.2%
stake in Toyota. 
    
    DAIHATSU MOTOR
    1967
    Mini-car maker Daihatsu Motor Co joins the Toyota group,
supplying the company with compact cars. 
    August 1998
    Toyota increases its stake in Daihatsu to 51% from 34.5%,
and the company becomes a subsidiary of Toyota.
    January 2016
    Daihatsu becomes a wholly owned subsidiary of Toyota
    
    HINO MOTORS
    1966
    Truckmaker Hino Motors begins a business partnership with
Toyota and enters the Toyota group. 
    March 2000
    Toyota raises its stake in Hino to 33.8% from 20.1%,
enabling the struggling truckmaker to shore up its weak finances
and effectively giving Toyota managerial control of the company.
    April 2001
    Toyota raises its stake in Hino to 50.1%, making it a
subsidiary.
    
    YAMAHA MOTOR
    March 2000
    Toyota buys 5% stake in Yamaha Motor Co  7272.T , while
Yamaha Corp  7951.T  and Yamaha Motor take stakes in Toyota.
Previously, the two automakers had co-developed the Toyota
2000GT sports car, which was launched in 1967.
    
    TESLA 
    June 2010
    Toyota acquires around a 3% stake in Tesla Inc  TSLA.O  as
the automakers partner up to develop electric cars and develop
production systems.
    2014-2016
    Toyota begins selling down its stake in Tesla as the two
companies end their collaboration. It says it had completed its
sale as of the end of 2016.

 (Reporting by Naomi Tajitsu; editing by Christian Schmollinger)
 ((naomi.tajitsu@thomsonreuters.com; +81364411078; Reuters
Messaging: naomi.tajitsu.thomsonreuters.com@reuters.net))