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Wednesday, October 05, 2005

 

Subaru says good bye to GM and Hello to Toyota


Subaru and GM announced today that GM would sell its 20% stake in Subaru. Toyota announced it would buy an 8.7% stake in Subaru.

What does this mean? GM needs cash because it is losing money in automotive operations and selling its interest in Subaru generates cash and, hopefully, gives its auto operations more focus on building market share.

It also means that Toyota grows its empire and relationships in the market.

For car buyers, it means that the Saab 9-2 will continue to be built jointly with Subaru (also known as Fuji Industries) but that future collaboration on Saab platforms is now dead.

I've always been a fan of Subaru products because of their focus on rugged, small off road vehicles. They have always had a strong following in import and 4 season markets because of their 4WD capability.

Comments:
Help me Dude, I think I'm lost.

I was searching for Elvis and somehow ended up in your blog, but you know I'm sure I saw him in a car lot yesterday, which is really strange because the last time I saw him was in the supermarket.

No honest really, he was right there in front of me, next to the steaks singing "Love me Tender".

He said to me (his lip was only slightly curled) "Boy, you need to get yourself a shiny, new lcd tv to go with that blue suede sofa of yours.

But Elvis said I, In the Ghetto nobody has a lcd tv .

Dude I'm All Shook Up said Elvis. I think I'll have me another cheeseburger.

Then I'm gonna go round and see Michael Jackson and we're gonna watch that waaaay cool surfing scene in Apocalypse Now on the lcdtv in the back of my Hummer.

And then he just walked out of the supermarket singing. . .

"You give me love and consolation,
You give me strength to carry on "

Strange day or what? :-)
 
If you enable word verification on comments you can stop this type of spam from happening, both the AutoProphet and I have done so recently.

Joe
BigFordFan
http://myforddreams.blogspot.com
 
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