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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.

2018 Subaru Legacy freshens up with new fascia and better chassis

The current Subaru Legacy has been on sale since 2014, and nearly every one of its competitors has received a refresh or redesign in the intervening years. Now for 2018, the Legacy gets several changes inside and out that Subie hopes will bring it in step the rest of the field. No word on if these will carry over to the closely related Subaru Outback, but look for the revised Legacy next week at the Chicago Auto Show. On the outside, the Legacy gets revised front and rear fascias. While not revolutionary, the look is handsome and falls in line with other recent Subaru products, like the recently released 2017 Impreza. While the 175-hp 2.5-liter boxer four-cylinder engine and the 256-hp 3.6-liter boxer six-cylinder carry over, Subaru tweaked the tuning of the transmission to provide a little more response. A CVT is the only available transmission with either engine. As always, power is sent to all four wheels. Active torque vectoring is standard across the board. Subaru revised the suspension, brakes, and electronic power steering for 2018. The changes are intended to make the Legacy more engaging to drive, but we can't say for sure until we get behind the wheel. Some changes to the transmission, mirrors, and cabin were done to help improve the car's noise, harshness, and vibrations. Inside, the Legacy features a redesigned center console and new materials throughout the cabin. An 8-inch display is now available while Apple CarPlay and Android Auto are now standard in every model. The Legacy gets the latest version of Subaru's infotainment system, Starlink. New colors and trims are now available inside and out. No word on pricing or when the new Legacy goes on sale, but look for more news in the coming months. Related Video:

2015-18 Subaru Foresters recalled because front airbag may not deploy

Subaru is recalling 366,282 Foresters from model years 2015-18 because the front passenger airbag may not go off when it should during a crash. The problem stems from Subaru’s “Occupant Detection System,” which may not be able to detect a person sitting in the seat due to a loose connection. ThereÂ’s an electrical connection under the passenger seat that may loosen over time, according to Subaru. That connection is necessary for the detection system to function. Subaru says that only cars equipped with heated front seats are subject to this recall, as those are the only ones equipped with the specific harness where this would be possible. If your Forester is experiencing this problem, Subaru says you may see the “airbag warning” light illuminate on your dash. The “Passenger airbag off” indicator will also be illuminated, so that makes two different lights to check to see if your airbag is working. In turn, the seat wonÂ’t recognize the presence of a person in the front passenger seat, and the airbag may not deploy in a crash. Subaru will inspect the vehicles it recalls and replace the sensor mat harness if necessary. If you own a 2015-2018 Forester with heated front seats, look out for a note in the mail informing you of a recall. YouÂ’ll need to take the car in to the dealer, where the recall work will be done free of charge. As of now, Subaru isnÂ’t aware of any injuries or fatalities associated with this problem.