Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Fuji Heavy Says No Decision Made on China After Kyodo Report

April 10 (Bloomberg) -- 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.

“Nothing has been decided,” said Kenta Matsumoto, a spokesman at Tokyo-based Fuji Heavy. The company is still in discussions on the matter, he said.

Fuji Heavy may cut its target to sell 180,000 vehicles in China by March 2016 and instead focus on increasing sales in the U.S., Kyodo reported today, citing unidentified company officials. It’s too early for Fuji Heavy to discuss any revisions to its midterm targets, Matsumoto said.

The carmaker, 16 percent owned by Toyota Motor Corp., has failed to receive government approval to make vehicles with China’s Chery Automobile Co. in the country since they submitted an application last year. The government isn’t approving Fuji Heavy’s proposal because it considers the company to be part of Toyota, which already has the maximum of two Chinese partners, three people familiar with the matter said last year.

To contact the reporters on this story: Ma Jie in Tokyo at jma124@bloomberg.net; Yuki Hagiwara in Tokyo at yhagiwara1@bloomberg.net

To contact the editor responsible for this story: Young-Sam Cho at ycho2@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.