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Top new models for SA

From Renault's new Alaskan bakkie to the latest models at the Frankfurt motor show bound for SA.

Electric cars in SA

The debate on whether or not Electric Vehicles (EV) are viable in South Africa rages on.

Toyota to boost stake in Subaru

2008-06-30 10:28
Subaru

Fuji Heavy Industries said on Friday it plans to sell 61 million shares to Toyota Motor Corp., raising the Japanese auto giant's stake in the maker of Subaru cars to nearly 17%.

Fuji Heavy said in a statement it will sell shares worth $293m to Toyota, Japan's largest automaker.

Toyota, already Fuji Heavy's top shareholder, will raise its stake in the company to 16.61% from the current 9.5%. Toyota's payment is expected to be completed by July 14.

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