Fuji Heavy and Chery's Subaru deal hits regulatory snag -paper

Newswire

BEIJING, Sept 15 (Reuters) - Chinese regulators might block plans by Fuji Heavy Industries to make Subaru vehicles in China with Chery Automobile because of potential conflicts with Beijing's industry policy, the Shanghai Securities News reported on Thursday. Foreign automakers can only team up with two local partners, but Toyota Motor , which holds 16.5 percent of Fuji Heavy, already has two car ventures in China, the newspaper said. Fuji Heavy and Chery had intended to build a 30 ...

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