May 21, 2016 2:00 am JST

Subaru maker plans wider development tie-up with Toyota

TOKYO -- Fuji Heavy Industries will deepen the product development partnership forged with fellow Japanese automaker Toyota Motor, President Yasuyuki Yoshinaga said in a recent interview with The Nikkei.

The Subaru maker manufactures Toyota vehicles on contract at U.S. facilities, but that deal ends this summer. According to Yoshinaga, however, Fuji Heavy will cooperate with Toyota on hybrid technology and the pair are discussing developing second-generation models for the Toyota 86 and Subaru BRZ sports cars, both of which carry Fuji Heavy engines.

"Considering the large-scale investment required, developing environmentally friendly technology independently presents an obstacle," Yoshinaga said.

Subaru vehicles continue to enjoy robust demand in the key U.S. market, Yoshinaga said. Even if overall U.S. demand this year slips to 16.5 million to 17 million units, down roughly 500,000 to 1 million vehicles from 2015, the company "will feel no impact," he said. Yoshinaga remains confident Subaru will reach the 2016 sales target of 615,000 units in America.

Fuji Heavy's fuel economy data is sound, Yoshinaga said, unlike that of domestic rivals Mitsubishi Motors and Suzuki Motor. But he said work needs to be done to ensure consumers do not grow distrustful of the entire auto industry.

(Nikkei)

Mitsubishi Motors Corp.

Japan

Market(Ticker): TKS(7211)
Sector:
Industry:
Consumer Durables
Motor Vehicles
Market cap(USD): 11,591.30M
Shares: 1,490.28M

Suzuki Motor Corp.

Japan

Market(Ticker): TKS(7269)
Sector:
Industry:
Consumer Durables
Motor Vehicles
Market cap(USD): 29,225.21M
Shares: 491.01M

Subaru Corp.

Japan

Market(Ticker): TKS(7270)
Sector:
Industry:
Consumer Durables
Motor Vehicles
Market cap(USD): 26,003.14M
Shares: 769.17M

Toyota Motor Corp.

Japan

Market(Ticker): TKS(7203)
Sector:
Industry:
Consumer Durables
Motor Vehicles
Market cap(USD): 227,590.79M
Shares: 3,262.99M

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