The Car Connection is reporting that GM is selling its stake in Subaru's parent Fuji Heavy Industries, effectively ending the rebadging exersize that resulted in the Saab 9-2X, and leaving several new Saaburus stillborn. GM's 20 percent stake in Subaru, which it took in 2000, will net the company around $315 million after the sale. Toyota will reportedly take 8.7 percent of the existing GM shares, with other investors picking up the rest. The Saab 9-2X is safe for now, but an upcoming SUV will likely come by way of the Opel Antara GTC concept, not the Subaru B9 Tribeca, as had been planned.
GM Selling Off Subaru Stake; Saab 9-6X Dumped [The Car Connection]
Spy Photos: Saaburu 9-(x)x [internal]