Shareholders
From 1968 until 1999, FHI was 20% owned by Nissan, who acquired the stake in 1968 during a period of government-ordered merging of Japanese auto industry firms in order to improve competitiveness against foreign companies under the administration of Prime Minister Eisaku SatÅ. During their ownership, Nissan was primarily interested in its bus manufacturing division and lent automaking expertise to Subaru. Upon Nissan's acquisition by Renault, its 20% stake was sold to General Motors, but GM announced on October 6, 2005 that it will sell 8.4% of the company to Toyota and disposed of its remaining share.
On April 10, 2008, Toyota increased its stake in FHI to 16.7% and announced the end of FHI minicar production at its facility in Gunma Prefecture. Daihatsu, a subsidiary of Toyota, will instead supply the cars to FHI.
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