2017 Subaru Impreza Limited on 2040-cars

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Toyota to boost its Subaru stake to more than 20%

TOKYO — Toyota Motor Corp plans to raise its stake in Subaru Corp to more than 20% from around 17% now, a deal that would also see the smaller firm invest in Japan's top automaker, two people with direct knowledge of the matter said on Friday. The deal is due to be approved at a Toyota board meeting on Friday, the people said, declining to be identified because the information has not been made public. The investment would come a month after Toyota and another smaller Japanese automaker, Suzuki, said they would take small equity stakes in each other. Such tie-ups highlight how automakers are scrambling to chase scale, manage costs and boost development. Traditional car makers, especially smaller ones like Subaru and Suzuki, are struggling to meet the fast pace of change in an industry being transformed by the rise of electric vehicles, ride hailing and autonomous driving. Toyota's investment is likely to cost more than 70 billion yen ($650 million) based on Subaru's stock market value, said the Nikkei business daily, which first reported the news. Subaru is likely to reciprocate with a stake in Toyota that would roughly equal the value of Toyota's additional investment, one of the people told Reuters. The companies have long worked together on projects such as the Toyota 86 and Subaru BRZ twins. At one time, Subaru built Toyota Camrys in its Indiana plant. Representatives for both Toyota and Subaru said the news was not something that had been announced by their companies. "The plan appears to be to ultimately make Subaru a fully owned subsidiary, to help create a 'mega Toyota.' This is the first step towards that," said Takeshi Miyao, managing director of Carnorama, a consultancy. "It's all about building scale." Subaru is particularly strong in sport-utility vehicles (SUV) and all-wheel-drive technology. The two automakers in June said they planned to jointly develop an electric sport-utility vehicle on a platform produced together, to split costs. Car markers around the world have been joining forces to slash development and manufacturing costs of new technology. Ford Motor Co and Volkswagen AG have said they will spend billions of dollars to jointly develop electric and self-driving vehicles. Toyota seems to be particularly keen to build scale now by investing in smaller, domestic automakers, rather than forging cross-border tie-ups like some of its rivals.

2016 Subaru WRX: Is this successor worthy of the crown?

I was leasing a 2012 Subaru WRX, a car I had wanted since forever. When the lease was up, I decided to trade it in and get another WRX, a 2016 model. Now that I've put over 7,500 miles on the new one, I can offer a fair comparison of the previous-generation model and newest model. While the basic DNA is the same – turbocharged boxer engine + symmetrical all-wheel drive – these cars look and feel rather different. Exterior The prior model WRX ran from 2008 to 2014. In 2011, though, Subaru upped the ante by giving its rally-inspired baby a widebody look similar to the STI variant. The WRX was offered as either a sedan or a hatchback. I opted for the hatchback version because of the extra cargo space, and I felt it looked better than the sedan. I loved the look of this car, especially in the classic World Rally Blue paint. The flared fenders, hood scoop, and quad exhaust tips made for one aggressive-looking machine. It definitely stood out from the crowd. The new model, on the other hand, introduced in 2015, is only offered as a sedan. It blends into the crowd for the most part, but I think the front end looks great and the side profile looks sleek. At the rear, Subaru did a nice job with the stainless steel exhaust tips versus the old model's unfinished tips, but the taillight design is nothing special. The low-profile trunk spoiler is a nice touch. The 18" wheels on the Premium and Limited models look sharp, though they're a bit on the heavy side. Interior The previous generation WRX was criticized for its spartan interior, but I didn't mind it. I liked the simplicity. Everything was easy to use, whereas newer cars have a bit of a learning curve with infotainment systems and whatnot. The red stitching and WRX-embroidered seats added some uniqueness to the car. The fit & finish weren't great, though. There was a rattling sound coming from the driver's side A-pillar that I had to fix. Subaru did a good job with the new model's interior. It feels more elegant than aggressive. The climate control knobs have a nice feel and weight to them, and the steering wheel is superb. There's a digital display on the gauges, a small screen on top of the dash, and Subaru's Starlink system for radio and phone. A back-up camera is standard and displays on the Starlink's 6.2" screen for 2016, which has been a surprisingly nice perk to have.

Another 'Baby Driver' Subaru WRX goes up for auction

We saw one of the "Baby Driver" Subaru Impreza WRX stunt cars sell last year for nearly $70,000. That was a bit nutty, but now there's another one up for auction, listed on Live Auctioneers. Just like the first, it's a red 2006 WRX Limited with a 2004 STI engine and rear-wheel-drive conversion. This means it has the 2.5-liter boxer engine instead of the 2.0-liter four-cylinder. All of the modifications were done by All Pro Subaru with a total of five cars receiving the special treatment. Beyond those mods, there's an upgraded rear differential, but that's pretty much it. If you've seen "Baby Driver," then you know how pivotal a role this car played in making the movie great. The opening chase scene is the most iconic of the whole movie — we've dropped the video of it in this post if you haven't seen it or just want to watch the awesome driving again. It's such an admirable scene because all the driving stunts are real. No special effects or CGI went into trying to make it any more than what it actually was. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. This particular car has a lot of miles on it: 156,477 to be exact. For most Subarus of the WRX variety, this many miles pretty much guarantees you'll be paying for repairs in no time. This being a movie car means it's been driven pretty hard too; just watch the movie and you'll see what it's been through. The bid is sitting at $20,000 now, way less than the $69,100 the first one sold for. As a reference, WRX STIs of the same heritage and similar miles are listed anywhere between $10,000-$20,000. You won't end up buying this car because it's a great value, but rather, to be able to point out to your friends you have "that car" every time you watch the movie. The rear-wheel-drive conversion is pretty sweet too — that makes it more distinctive than it would be otherwise. Related video: Featured Gallery Baby Driver Subaru WRX Celebrities Subaru Auctions Performance Sedan baby driver