SANTA MONICA, CA – Subaru of America Inc.’s new ’03 Baja cross/utility vehicle owes a debt of gratitude to General Motors Corp., whose 1999 $1.4 billion equity agreement to buy a 20% stake in Fuji Heavy Industries Ltd., Subaru’s parent, made it possible for the Baja to get production approval. Subaru invested about $40 million in the Baja, which is based heavily on the Legacy Outback wagon “If (our) alliance with GM would not have happened, Baja may not have either,” Subaru of ...
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