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.

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