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I'm surprised others didn't report on this.

 

Toyota has agreed to buy 8.7 percent of the shares General Motors holds in Japanese automaker Fuji Heavy Industries, Toyota and Fuji officials said Wednesday.

 

The purchase will make it the top shareholder in Fuji Heavy Industries Ltd. Toyota will spend $310.5 million.

 

GM is reported to be selling the remaining 11.4 percent back to Fuji, which makes Subaru cars.

 

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