The rumors of the sports car that Toyota and Subaru were working on have been replaced by rumors that the car has been put on hold. Earlier news had posited a rear-wheel-drive sports car with "wonderful style," based on the current Subaru Legacy platform, with a boxer engine putting out around 200 hp through a six-speed manual. Originally due in 2011, now, according to Nikkei, the car has been pushed back to at least 2012. If things get worse before they get better, we have a feeling that 2012 will also come and go without Toyota fielding another dedicated sports car entrant. So move along, folks, there's nothing to see here, please return to your Camrys and cue up Queen: another one bites the dust...
Back in April, Toyota announced that it would be gobbling up a larger percentage of Fuji Heavy Industries, makers of the Subaru brand of vehicles. Today, that deal has been made official as Fuji announced the sale that increases Toyota's voting rights in the automaker to 16.16 percent from 9.50 percent. This deal had been made possible by a newly revised Japanese law that went into effect last year. Toyota had initially purchased about nine-percent share of the company from General Motors, which no longer owns any part of Fuji Heavy.
According to reports, Toyota paid about a ten-percent premium for the increased share, as well. Its total outlay of cash for the new shares is 31.11 billion yen ($291.1 million), for which it receives 61 million additional treasury stocks. Here's hoping that this new deal ushers in the upcoming new AE86 all the more quickly.
After previous incarnations of the Nissan GT-R ran away with successive JGTC titles, Japan's GT Association decided to inflict "success ballast" on race winners in an attempt to level the playing field (i.e give Toyota and Honda a chance).
As the current GT-R race car is built to 2009 Super GT specifications, the GT-A handed it a weight penalty of 50kgs added right from the start of the season. After winning Round 1 in Suzuka car number 23 had to carry an additional 50kgs at Round 2 in Sugo, which it promptly won anyway. Then thanks to also setting numerous fastest laps and other speeding offenses it was deemed that Benoit Treluyer and Satoshi Motoyama's ride would have to port an massive 200ks (440lbs) of ballast at this weekend's race at Fuji Speedway.
That presents a couple of problems. Firstly, where the heck do you safely stow 200kgs of lead? And would the car meet GT-A regulations even if Nissan found a way to do it? The ruling body's compromise was to give the car a 115kg penalty and fit a stifling restrictor to the GT-R's air intake. That knocked 30kph off the GT-R's maximum velocity at the end of Fuji's 1.5km straight, and in the words of Benoit, "Gives us no chance at all."
Emerging reports indicate that Toyota is preparing to nearly double its stake in Subaru's parent company, Fuji Heavy Industries. Toyota initially bought into Fuji when that other automotive giant, General Motors, sold its 8.7% stake to its Japanese rival. The new share-grab, the door to which was opened by revised Japanese laws, would bring Toyota's partial ownership of Fuji up to 17%, just short of double its current stake.
Since Toyota's buy-in of Fuji, cooperation between the two companies has only increased, ranging from new product development to manufacturing. Insiders predict that with the increased stake will come even more integrated collaboration between the two Japanese automakers, which, considering Toyota's enormous success worldwide, can only mean good things for Subaru's operations.
Meanwhile, it's worth noting that with Toyota reportedly considering following Honda into the sky, Fuji's other core business in aerospace could prove an invaluable asset.
Now that its ground offensive has taken control of the battlefield, word comes that Toyota's field commanders might have an eye toward the skies. That's right: Toyota is reportedly considering an offer from Mitsubishi Heavy Industries to get into the aircraft business. MHI would like to see Toyota invest in a new passenger jet project, which, if it goes forward, would set up an aerial dogfight with the HondaJet, which is already in the segment. Mitsubishi already produces its own plane, the Regional Jet. Is this the beginning of a new battle for air supremacy? Hmmm. Somebody cue the Kenny Loggins.
The Tokyo Auto Salon opened up last week and our comprehensive coverage has been slightly delayed due to the madness known as Detroit. We've partnered up with our friends from Autoblog Chinese to bring you as many live shots of the show as we can procure.
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