TOKYO — Toyota and Subaru will work on a second generation of their shared rear-wheel drive sporty coupe and collaborate more closely on other projects under a new agreement that raises Toyota’s stake in the smaller Japanese automaker to 20 percent.
Under the accord Subaru will also take a small token stake in Toyota to help cement their deepening ties.
Toyota already owns a 17 percent share of Subaru, while the smaller partner currently has no stake in Toyota.
