Toyota's GM deal gives it stake in Subaru parent (since Yota bought off GM's shares)
The rumours are true: Subaru's Lafayette, Ind., will begin building the next-generation Toyota Camry in 2007.
The plant began as a Subaru/Isuzu joint venture, from which Isuzu later withdrew. It currently builds the Subaru Legacy/Outback and B9 Tribeca.
A Saab version of the Tribeca was slated to join the production lineup, but was cancelled last year when GM sold its 20 per cent interest in Subaru's parent, Fuji Heavy Industries.
Toyota picked up about half the shares that GM had held, giving it an 8.7 per cent stake in Fuji Heavy.
That investment opened the door to the Camry production arrangement.
Ultimately, Subaru could assemble up to 100,000 Camrys a year at Lafayette.
Most are now made in Georgetown, Ky., although some are imported from Japan.
source
http://www.thestar.com/NASApp/cs/ContentServer?pagename=thestar/Layout/Article_Type1&c=Article&cid=1142549412140&call_pageid=970599119419
The rumours are true: Subaru's Lafayette, Ind., will begin building the next-generation Toyota Camry in 2007.
The plant began as a Subaru/Isuzu joint venture, from which Isuzu later withdrew. It currently builds the Subaru Legacy/Outback and B9 Tribeca.
A Saab version of the Tribeca was slated to join the production lineup, but was cancelled last year when GM sold its 20 per cent interest in Subaru's parent, Fuji Heavy Industries.
Toyota picked up about half the shares that GM had held, giving it an 8.7 per cent stake in Fuji Heavy.
That investment opened the door to the Camry production arrangement.
Ultimately, Subaru could assemble up to 100,000 Camrys a year at Lafayette.
Most are now made in Georgetown, Ky., although some are imported from Japan.
source
http://www.thestar.com/NASApp/cs/ContentServer?pagename=thestar/Layout/Article_Type1&c=Article&cid=1142549412140&call_pageid=970599119419
on 3rd Dec 2010 around 2~4pm(don't know the exactly time) at puncak jalil..
