China will likely reject an application for a joint venture for an affiliate of Toyota Motor Corp. because it would give the carmaker a third partnership in China, exceeding regulatory limits, according to three people familiar with the situation.
Fuji Heavy Industries Ltd. is making a contrarian bet: The maker of Subaru cars is cranking up domestic manufacturing at a time other Japanese automakers are expanding overseas to escape the strong yen.
Fuji Heavy Industries Ltd.’s president said the Subaru carmaker delayed making a decision on its U.S. capacity expansion as slumping demand in China and Europe gave the company more room to ship vehicles to America.
Fuji Heavy Industries Ltd., the maker of Subaru cars, said the company hasn’t made a decision on its China production plans after Kyodo News reported the automaker may shelve a proposal to build a plant in the country.
Fuji Heavy Industries Ltd. , the maker of Subaru-brand cars, is likely to begin production of cars in China in the year starting April 1, 2012 to meet demand in the world’s fastest growing major economy.