Even though Toyota sales are down in the U.S., they are spending money. Toyota Motor Corporation is upping its stake in Subaru by buying 61 million more shares (worth $300 million) of Fuji Heavy Industries Ltd., which owns Subaru cars. Toyota already owns 9.5 percent of Subaru and will increase that to 16.6 percent. The check is expected to clean about July 14.
Time to up-date the “tree” again.
Source: forbes.com
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