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treg50
04-23-2007, 10:22 PM
Fuji Heavy Industries builds Toyota Camry

Last Friday marked the official start of Subaru of Indiana Automotive's (SIA) production of the Toyota Camry along side their Subaru Legacy, Outback and Tribeca.

This working arrangement comes as result of Toyota's purchase of General Motor's 8.7% stake in Fuji Heavy Industries. Back in October of 2005, Toyota and Fuji Heavy Industries (FJH) signed a memorandum of understanding: basically a business agreement where they would study each others management, research and development and to supplement each others technological development. By March of the following year, it had been agreed that SIA would build Camrys.

A $230 million investment by Toyota gives SIA the capacity to produce 100,000 Camrys per year. Camry production will add 1,000 jobs at the plant for a total of more than 3,200 workers. The partnership arrangement also includes a $60 000 donation to the local zoo for expansion to it's owl exhibit.