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Selling Stake - USA - GM Selling Off Subaru
Saab 9-6X Dumped
USA - The Car Connection- 6 Oct 2005: -- General Motors said this morning that it will sell off its 20-percent stake in Fuji Heavy Industries, the parent company of Subaru. GM took a 20-percent stake in Fuji in 2000 and since then, has tried to leverage the resources of the company to help along some of its own car brands, particularly Saab. But other vehicle collaborations never made it off the drawing boards, and as a result, GM will sell off its stake in pieces. Toyota will take 8.7 percent of the existing GM shares, according to a release, with the remainder to be sold off to other investors. GM will net about $315 million for the sale to Toyota...
posted by Unknown @ 9:27 AM
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