NAGOYA, Japan -- Toyota Motor announced on Friday that the company will turn Subaru into an equity-method affiliate, expanding the 14-year-old partnership between the Japanese automakers to invest more effectively in new technologies.
Business deals
Toyota to raise Subaru stake to deepen tech cooperation
Automakers eye team-up in self-driving cars to lighten investment burden
Toyota and Subaru seek greater flexibility to invest in technologies for connected, autonomous, shared and electric vehicles, known as CASE.
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