TOKYO, Japan – Toyota and Subaru have agreed on a new business and capital alliance to further develop and strengthening their long-term partnership.
The partnership, since concluding an agreement on business collaboration in 2005, has included contract production by Subaru of Toyota vehicles and supply by Toyota of vehicles to Subaru.
It also involved joint development of the rear-wheel-drive Toyota 86 and Subaru BRZ.
‘ONCE-IN-A-CENTURY’
Toyota and Subaru disclosed in June 2019 an agreement jointly to develop a platform dedicated to battery electric vehicles (BEVs) and jointly to develop a BEV model, each using Subaru’s AWD technologies and Toyota’s vehicle electrification technologies.
The statement said: ”In this once-in-a-century period of profound transformation, by strengthening their bonds and aligning their capabilities, Toyota and Subaru aim to pursue driving enjoyment and to make ever-better cars.
”Furthermore, to deepen their relationship and strengthen their ties toward advancing to the next stage while respecting the identity of each other’s brand, we’ve agreed that Toyota will increase its equity stake in Subaru and that Subaru will acquire shares in Toyota.
Details of business activities in the new alliance:
1. In pursuit of making ever-better cars beyond that achieved thus far by Toyota and Subaru
1. Bringing together both companies’ strengths to jointly develop all-wheel-drive models that offer the ultimate sensation in all-wheel driving
2. Joint development of the next Toyota 86 and Subaru BRZ
2. Expansion of the scope of partnership to survive this once-in-a-century period of profound transformation
3. Following the Crosstrek Hybrid, expanding use of the Toyota Hybrid System in other Subaru models
4. Co-operation in the domain of connected vehicles and technical collaboration in the field of autonomous driving
