Fuji Heavy to Release Diesel-Powered Vehicle in Europe by 2007
Fuji Heavy to Release Diesel-Powered Vehicle in Europe by 2007
Fuji Heavy Industries Ltd., the maker of Subaru cars, said it plans to sell its first diesel- powered vehicles in Europe by as early as the end of 2007 to spur sales in the region by 61 percent in five years.
Fuji Heavy will set up a 40-member division in Japan next month to develop diesel engines and design vehicles, President Kyoji Takenaka said in an interview in Tokyo yesterday. The Tokyo-based carmaker will put diesel engines in its Legacy station wagons and sedans, which typically are powered by 2-liter to 3-liter engines.
Like its biggest shareholder Toyota Motor Corp., Fuji Heavy is counting on diesel engines to drive its growth in Europe, where one of every two vehicles sold in 2005 was powered by the fuel. The company is developing alternatives to gasoline engines, including using Toyota’s hybrid technology, amid record fuel costs and rising demand for low-emission vehicles.
More: bloomberg.com
