Fuji Industries sold 61 million shares valued at 31.1 billion yen ($293 million) to Toyota, which means that Toyota now owns 16.61 percent of the company (up from 9.5 percent). Subaru have continued to strengthen their relationship after GM sold off the shares it had in Subaru. The two automakers are currently working on a new RWD coupe that will be sold under both brands and future hybrid vehicles. The rear-wheel-drive coupe is going to be sold as a Toyota in Japan and a Subaru in other markets, like the US.
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