GM Divests from Fuji Heavy
October 11, 2005
Filed under Uncategorized
General Motors Corp. announced plans to sell its stake in Fuji Heavy Industries Ltd., but the move isn't likely to affect the powersports industry.
General Motors and Fuji Heavy forged partnerships in December 1999 when the U.S. auto giant injected some 140 billion yen to buy a little over 20% stake in the Japanese engine and drive systems manufacturer that also produces Subaru vehicles and ATV engines.
While GM also owns a 20% stake in Suzuki Motor Corp. Ltd., Fuji ATV engines were most recently found in Polaris and Arctic Cat quads.