Ricardo A
05/10/2005, 20h07
Et je cite :
Fuji Heavy Industries dissolves alliance with General Motors, entering a new business collaboration with Toyota
Tokyo, October 5, 2005 - Fuji Heavy Industries, Ltd. (FHI), a global manufacture of transportation and aerospace-related products and the maker of Subaru automobiles, today released its plan of their alliance changes.
FHI and General Motors Corp. (GM) agreed to dissolve its strategic alliance and capital relationship and GM, the top shareholder of FHI, will sell all the FHI stocks they hold.
In December 1999, FHI and GM agreed upon a capital and strategic alliance. Since GM purchased about 20% of FHI shares and became the top shareholder of FHI, both companies worked together for various synergic effects. The joint efforts over the past 6 years period resulted in achievements such as global procurement, OEM business, technology exchanges, etc. However, the two companies concluded that mutually beneficial large joint projects are unlikely in future, and came to agree to terminate their strategic and affiliated company relationship.
Out of the 157 million FHI stocks that GM holds, which accounts for about 20% of the FHI outstanding common stocks, GM will sell 68 million stocks, 8.7%, to Toyota Motor Corp. (TMC). GM will sell the remaining 89 million stocks, 11.4%, in the market. At the same time, FHI plans to purchase 90 million stocks as Treasury Stock.
FHI and GM will discuss on the future direction of ongoing cooperative projects. As for the joint development project of a crossover vehicle between FHI and Saab, which was announced last year, FHI and GM have basically agreed to stop the development. FHI has decided to record extraordinary loss of 5,000 million yen, which is a part of the development cost, in this fiscal year.
At the same time, FHI has revised its annual profit estimate announced on May 12, after reviewing the recent circumstances such as weaker yen, sales momentum, etc. The revised figures are; Operating profit at 36,000 million yen (up 5,000 million from the previous estimate), Ordinary profit at 29,000 million yen (up 2,000 million yen), and Net profit at 12,000 million yen (down 3,000 million).
Upon TMC obtaining FHI’s shares, TMC and FHI agreed to start studying business collaboration. The two companies plan to set up a joint steering committee to study possible joint projects to seek synergic effects in the areas of research & development and production, and to supplement each other’s technological development.
FHI is going ahead with the 5-year business plan ending March 2007, the FDR-1 plan, and the situation change this time will not affect FHI’s relentlessness to achieve the target.
et un autre communiqué de presse :
October 5, 2005
Company Name: Fuji Heavy Industries Ltd.
Representative: Mr. Kyoji Takenaka, President and CEO
Code number: 7270(1st section of Tokyo Stock Exchange)
Contact for inquiries; Mr. Shunji Yonekura General Manager of Administration Department.
Phone: (03)-3347-2005
Notice of dissolve of strategic alliance with General Motors Corporation
Fuji Heavy Industries Ltd. (“FHI”) announces today that they dissolve the strategic alliance with General Motors Corporation (“GM”) that started on December 10, 1999 as described below.
Announcement
1. Background FHI and GM agreed upon a strategic alliance and capital relationship allowing a high level of management autonomy to establish win-win situation to develop steady and further growth for the future on December 10, 1999. Since GM purchased about 20% of FHI shares and became the top shareholder of FHI in April 2000, both companies worked together for various synergic effects.
The joint efforts over the past 6 years period resulted in achievements such as global procurement, OEM business, technology exchanges, etc. However, the two companies concluded that mutually beneficial large joint projects are unlikely in future, and came to agree to terminate their strategic and affiliated company relationship.
2. Contents FHI and GM will discuss on the future direction of ongoing cooperative projects. As for the joint development project of a crossover vehicle between FHI and Saab Automobile AB, which was announced last year, FHI and GM have basically agreed to stop the development.
GM will sell FHI shares of 157, 262, 925, and 20.1% of outstanding common stock, that they own through General Motors of Canada Limited.
3. Outline of GM Company name: General Motors Corporation Headquarter: 300 Renaissance Center P.O. Box 300 Detroit, MI 48265-3000 United States of America Representative: Chairman and CEO G. Richard Wagoner, Jr. Business: Design, development, production and sales of automobiles, and auto related Finance & Insurance etc.
4. Effect to our financial conditions FHI has decided to record extraordinary loss of 5 billion yen, which is a part of the development cost, in this fiscal year.
et juste pour etre credible :
October 5, 2005
Toyota Motor Corporation
Fuji Heavy Industries, Ltd.
Toyota and Fuji Heavy Industries to Agree on Business Collaboration - Toyota to Purchase Shares of Fuji Heavy Industries -
Tokyo - TOYOTA MOTOR CORPORATION (TMC) and FUJI HEAVY INDUSTRIES LTD. (FHI) announced today that they have signed a memorandum of understanding stating they will start studying the synergic effects of business collaboration. In the collaboration, the two companies seek to mutually utilize their management resources in the fields of research & development and production, and to supplement each other’s technological development. The two companies plan to set up a joint steering committee and to aim for reaching an agreement on concrete collaboration programs as soon as possible.
TMC and FHI initiated business ties in 2003, when they announced that FHI would feature TMC’s “G-BOOK” network information service as “Subaru G-BOOK” in Subaru-brand vehicles for the Japanese market. TMC and FHI have come to view that, while they respect each other’s independency in management, each side could prosper further by strengthening their business relationship, as global competition intensifies.
In order to develop its relationship with FHI, TMC decided today to purchase FHI shares as follows:
Contents of share purchase:
- Party TMC will purchase from: A General Motors Canadian subsidiary
- Number of shares TMC will purchase: 68,000,000 shares
- Ratio of shares to be owned by TMC: 8.7% of FHI’s issued shares
- Planned shares settlement day: October 12, 2005
J'ai hate de voir des projets partagés!
Fuji Heavy Industries dissolves alliance with General Motors, entering a new business collaboration with Toyota
Tokyo, October 5, 2005 - Fuji Heavy Industries, Ltd. (FHI), a global manufacture of transportation and aerospace-related products and the maker of Subaru automobiles, today released its plan of their alliance changes.
FHI and General Motors Corp. (GM) agreed to dissolve its strategic alliance and capital relationship and GM, the top shareholder of FHI, will sell all the FHI stocks they hold.
In December 1999, FHI and GM agreed upon a capital and strategic alliance. Since GM purchased about 20% of FHI shares and became the top shareholder of FHI, both companies worked together for various synergic effects. The joint efforts over the past 6 years period resulted in achievements such as global procurement, OEM business, technology exchanges, etc. However, the two companies concluded that mutually beneficial large joint projects are unlikely in future, and came to agree to terminate their strategic and affiliated company relationship.
Out of the 157 million FHI stocks that GM holds, which accounts for about 20% of the FHI outstanding common stocks, GM will sell 68 million stocks, 8.7%, to Toyota Motor Corp. (TMC). GM will sell the remaining 89 million stocks, 11.4%, in the market. At the same time, FHI plans to purchase 90 million stocks as Treasury Stock.
FHI and GM will discuss on the future direction of ongoing cooperative projects. As for the joint development project of a crossover vehicle between FHI and Saab, which was announced last year, FHI and GM have basically agreed to stop the development. FHI has decided to record extraordinary loss of 5,000 million yen, which is a part of the development cost, in this fiscal year.
At the same time, FHI has revised its annual profit estimate announced on May 12, after reviewing the recent circumstances such as weaker yen, sales momentum, etc. The revised figures are; Operating profit at 36,000 million yen (up 5,000 million from the previous estimate), Ordinary profit at 29,000 million yen (up 2,000 million yen), and Net profit at 12,000 million yen (down 3,000 million).
Upon TMC obtaining FHI’s shares, TMC and FHI agreed to start studying business collaboration. The two companies plan to set up a joint steering committee to study possible joint projects to seek synergic effects in the areas of research & development and production, and to supplement each other’s technological development.
FHI is going ahead with the 5-year business plan ending March 2007, the FDR-1 plan, and the situation change this time will not affect FHI’s relentlessness to achieve the target.
et un autre communiqué de presse :
October 5, 2005
Company Name: Fuji Heavy Industries Ltd.
Representative: Mr. Kyoji Takenaka, President and CEO
Code number: 7270(1st section of Tokyo Stock Exchange)
Contact for inquiries; Mr. Shunji Yonekura General Manager of Administration Department.
Phone: (03)-3347-2005
Notice of dissolve of strategic alliance with General Motors Corporation
Fuji Heavy Industries Ltd. (“FHI”) announces today that they dissolve the strategic alliance with General Motors Corporation (“GM”) that started on December 10, 1999 as described below.
Announcement
1. Background FHI and GM agreed upon a strategic alliance and capital relationship allowing a high level of management autonomy to establish win-win situation to develop steady and further growth for the future on December 10, 1999. Since GM purchased about 20% of FHI shares and became the top shareholder of FHI in April 2000, both companies worked together for various synergic effects.
The joint efforts over the past 6 years period resulted in achievements such as global procurement, OEM business, technology exchanges, etc. However, the two companies concluded that mutually beneficial large joint projects are unlikely in future, and came to agree to terminate their strategic and affiliated company relationship.
2. Contents FHI and GM will discuss on the future direction of ongoing cooperative projects. As for the joint development project of a crossover vehicle between FHI and Saab Automobile AB, which was announced last year, FHI and GM have basically agreed to stop the development.
GM will sell FHI shares of 157, 262, 925, and 20.1% of outstanding common stock, that they own through General Motors of Canada Limited.
3. Outline of GM Company name: General Motors Corporation Headquarter: 300 Renaissance Center P.O. Box 300 Detroit, MI 48265-3000 United States of America Representative: Chairman and CEO G. Richard Wagoner, Jr. Business: Design, development, production and sales of automobiles, and auto related Finance & Insurance etc.
4. Effect to our financial conditions FHI has decided to record extraordinary loss of 5 billion yen, which is a part of the development cost, in this fiscal year.
et juste pour etre credible :
October 5, 2005
Toyota Motor Corporation
Fuji Heavy Industries, Ltd.
Toyota and Fuji Heavy Industries to Agree on Business Collaboration - Toyota to Purchase Shares of Fuji Heavy Industries -
Tokyo - TOYOTA MOTOR CORPORATION (TMC) and FUJI HEAVY INDUSTRIES LTD. (FHI) announced today that they have signed a memorandum of understanding stating they will start studying the synergic effects of business collaboration. In the collaboration, the two companies seek to mutually utilize their management resources in the fields of research & development and production, and to supplement each other’s technological development. The two companies plan to set up a joint steering committee and to aim for reaching an agreement on concrete collaboration programs as soon as possible.
TMC and FHI initiated business ties in 2003, when they announced that FHI would feature TMC’s “G-BOOK” network information service as “Subaru G-BOOK” in Subaru-brand vehicles for the Japanese market. TMC and FHI have come to view that, while they respect each other’s independency in management, each side could prosper further by strengthening their business relationship, as global competition intensifies.
In order to develop its relationship with FHI, TMC decided today to purchase FHI shares as follows:
Contents of share purchase:
- Party TMC will purchase from: A General Motors Canadian subsidiary
- Number of shares TMC will purchase: 68,000,000 shares
- Ratio of shares to be owned by TMC: 8.7% of FHI’s issued shares
- Planned shares settlement day: October 12, 2005
J'ai hate de voir des projets partagés!