Fleet News

GM to buy Nissan's stake in Fuji

GENERAL Motors is to buy Nissan Motor's entire stake in Fuji Heavy Industries - the company which makes Subaru cars. The sale, which is expected to go through on April 11, will give GM a 20% shareholding in FHI, which was announced earlier this year.

Nissan has been shedding non-core assets since last March, when Renault acquired a 36% stake in the Japanese car-making company to create the world's fourth biggest vehicle manufacturer.

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