[2001 ZTS]

Toyota to buy Fuji Heavy shares from GM-media

Wed Oct 5, 2005 2:46 AM ET


TOKYO, Oct 5 (Reuters) - Toyota Motor Corp. (7203.T: Quote, Profile, Research) will buy shares in Japanese auto maker Fuji Heavy Industries Ltd. (7270.T: Quote, Profile, Research) from General Motors Corp. (GM.N: Quote, Profile, Research), Japanese national broadcaster NHK reported on Wednesday.

The report came minutes after Toyota said it would hold a news conference to announce a basic agreement between it and Subaru car maker Fuji Heavy on a business tie-up. The two companies will jointly brief the press at 6:30 p.m. (0930 GMT) in Tokyo, Toyota said. Fuji Heavy President Kyoji Takenaka and Toyota Executive Vice President Mitsuo Kinoshita will attend.

GM owns 20 percent of Fuji Heavy.

I tell you Toyota is taking over the world.

http://today.reuters.com/investing/finance...A-FUJIHEAVY.XML