Toyota, Subaru unveil latest EV partnership
Jun. 06, 2019 3:32 AM ETToyota Motor Corporation (TM), FUJHYTM, FUJHY, FUJHFBy: Yoel Minkoff, SA News Editor10 Comments
- Seeking to split the cost of producing lower-emissions cars, Toyota (NYSE:TM) and Subaru (OTCPK:FUJHY) are teaming up to jointly develop an electric sport-utility vehicle.
- The pair will apply Subaru's all-wheel-drive technologies and Toyota's vehicle electrification technologies to the new SUV, which each will sell under its own brands.
- While the latter has led in technologies for hybrids and fuel cells, it has trailed behind rivals in bringing fully electric vehicles to showrooms.