Toyota Motor to raise Subaru stake to over 20%

Toyota Motor to raise Subaru stake to over 20%

A Toyota hybrid takes on the road. Photo: Pixabay

Toyota Motor Corp plans to raise its stake in Subaru Corp to more than 20% from around 17% now, a deal that would also see the smaller firm invest in Japan’s top automaker, two people with direct knowledge of the matter said on Friday.

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