# Toyota and Subaru agree on new business and capital alliance

Toyota Motor Corporation and Subaru Corporation agreed on a new business and capital alliance to strengthen their long-term partnership. Toyota will increase its equity stake in Subaru, and Subaru will acquire shares in Toyota. The alliance includes joint development of all-wheel-drive models and next-generation sports cars.

- Type: Partnership
- Announced: 2019-09-27
- Where: Japan
- Status: announced
- Products: all-wheel-drive vehicles, battery electric vehicles, sports cars
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Toyota Motor](https://endata.com/companies/962.md)
- [Subaru Corporation](https://endata.com/companies/42359.md) (partner)

## Sources

- [global.toyota](https://global.toyota/en/newsroom/corporate/29916271.html), 2019-09-27: "In this once-in-a-century period of profound transformation, by strengthening their bonds and aligning their capabilities, Toyota and Subaru aim to pursue driving enjoyment in the CASE era."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.