Author He Qi
Editor Hao
Another new automobile group alliance was established.
Recently, Subaru announced that Toyota's shareholding in Subaru increased from 16.8% to 20%. It is reported that after this shareholding increase, Subaru will be transformed into an equity subsidiary of Toyota Motor, and its income statement will now be included in the financial report disclosed by Toyota Motor. Previously, Toyota, as the largest external shareholder of Subaru, held 16.8%.
The cooperation between Toyota and Subaru can be traced back to 2005.
It is understood that the earliest Subaru shares owned by Toyota Motor were all bought from General Motors. Subaru is Fuji Heavy Industries Co., Ltd. (? FHI？ ) its subsidiaries. In 2005, Fuji Heavy Industries accepted the investment from Toyota after canceling its capital and business cooperation with General Motors. Toyota took over 8.7% of Fuji Heavy Industries from General Motors. After that, Toyota's shareholding further increased to 16.8% and officially became the major shareholder of Subaru.
This time, Toyota increased its capital for Subaru, and the two parties reached an agreement on September 20 19. The two sides will deepen cooperation and invest in emerging fields and new technologies more effectively. The agreement came into effect on February 6, 2020. On September 27th, 20 19, according to the Nihon Keizai Shimbun, according to the market value of Subaru's stock, this move may cost more than 70 billion yen (650 million US dollars). Subaru will buy less than 1% of Toyota shares for the same amount.
This time, Toyota will be a good destination for Subaru.
At present, Subaru's performance has been worse year by year. Judging from its latest third-quarter financial report, due to the decline in wholesale sales and the surge in warranty fees, as well as the impact of the exchange rate, Subaru's operating profit fell to 57.8 billion yen (530 million US dollars); Net income decreased by 42% to 43.4 billion yen (US$ 398 million), and global automobile wholesale sales decreased by 5.9% to 267,200 vehicles.
On the other hand, the cumulative global sales volume of Toyota 20 19 was 10742 million, up by 1.4% year-on-year, and the cumulative sales volume in China market reached1620,000, up by 9.0% year-on-year. Recently, the financial report data released by Toyota in the first three fiscal quarters of fiscal year 2020 (1April 9 to1February 9) showed that its business reached 22.8 trillion yen (about 1.45 trillion RMB), a slight increase of 65.438 trillion RMB. Operating profit was 2.06 trillion yen (about 654.38+0308 billion RMB), up 6.2% year-on-year.
In 20 19, Volkswagen sold 10974600 vehicles worldwide, beating Toyota with a slight increase of 1.3% year-on-year, but the difference between the two sales was only 200,000 vehicles. After Subaru becomes a subsidiary of Toyota, it will help Toyota surpass Volkswagen and become the sales champion in 2020.
In addition to Subaru, Toyota has also formed alliances with many car companies in its radical expansion. 2065438+In July 2009, Toyota and Mazda signed a cooperation statement in Washington. The two companies will invest US$ 654.38+0.6 billion in Alabama, USA, and establish a joint venture factory to produce brand-new SUV models jointly developed by the two companies.
2065438+In August 2009, Toyota and Suzuki announced the establishment of a capital alliance to speed up technology development, and they will jointly develop autonomous driving technology. At the same time, Toyota will acquire a 5% stake in Suzuki, and Suzuki will acquire a 0.2% stake in Toyota, thus forming a cross-shareholding.
In recent years, the global automobile industry has been in turmoil, and it has become normal for automobile groups to keep warm through mergers and acquisitions, and the pattern of the world automobile market will also be reshaped. The most typical event of 20 19 was the merger of FCA and PSA, which gave birth to the fourth largest automobile group in the world.
Subaru is in Toyota's pocket, which is also a typical representative that niche brands can't escape marginalization or acquisition. Subaru and Toyota will also get what they need and achieve each other.
Editor: Hao
This article comes from car home, the author of the car manufacturer, and does not represent car home's position.