Fuji Heavy Industries changes name to Subaru Corp. in 2017
#1
Fuji Heavy Industries changes name to Subaru Corp. in 2017
Fuji Heavy Industries Ltd. plans to celebrate its centennial by changing its name to Subaru Corporation on April 1, 2017, in a move that emphasizes the company's automotive business.
The change is pending approval at the company's shareholder meeting on June 28. "The purpose of this shift is to further accelerate our efforts to enhance the Subaru brand and achieve even greater growth for Subaru as a distinctive global brand in the automotive and aerospace industries," the company said in a statement.
The company forecasts its global vehicle sales will top 1 million for the first time in 2017.
Fuji traces its roots to the founding of the Aircraft Research Laboratory, which later became Nakajima Aircraft Co., in 1917. The Fuji Heavy Industries name was launched in 1953, and the core auto business began under the Subaru name in 1958.
Though Subaru is a well-known car brand, it is the Japanese name for the Pleiades star cluster, and it serves as a symbol of the six sibling companies that formed Fuji in 1953. It currently plays in a wide range of sectors, including aerospace and industrial products.
The change is pending approval at the company's shareholder meeting on June 28. "The purpose of this shift is to further accelerate our efforts to enhance the Subaru brand and achieve even greater growth for Subaru as a distinctive global brand in the automotive and aerospace industries," the company said in a statement.
The company forecasts its global vehicle sales will top 1 million for the first time in 2017.
Fuji traces its roots to the founding of the Aircraft Research Laboratory, which later became Nakajima Aircraft Co., in 1917. The Fuji Heavy Industries name was launched in 1953, and the core auto business began under the Subaru name in 1958.
Though Subaru is a well-known car brand, it is the Japanese name for the Pleiades star cluster, and it serves as a symbol of the six sibling companies that formed Fuji in 1953. It currently plays in a wide range of sectors, including aerospace and industrial products.
#2
Lexus Champion
Interesting. I work frequently with Fuji's aerospace division. Will be odd to refer to them as "Subaru" in the future.
#5
Lexus Fanatic
#6
Lexus Fanatic
However, a fair amount of those profits are going out to repair or replace defective or oil-burning engines. First it was the head-gasket issues on the N/A 2.5Ls...now it is oil-consumption/piston rings on both the 2.5L and 2.0L.
#7
Lexus Test Driver
companies can elect to have their fiscal year end as they wish. Fuji Heavy Industries is indeed on March 31st.
https://www.fhi.co.jp/english/ir/corporate/message.html
https://www.fhi.co.jp/english/ir/corporate/message.html
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#8
companies can elect to have their fiscal year end as they wish. Fuji Heavy Industries is indeed on March 31st.
https://www.fhi.co.jp/english/ir/corporate/message.html
https://www.fhi.co.jp/english/ir/corporate/message.html
#9
Lexus Fanatic
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