Fuji Heavy Industries Ltd. President Takeshi Tanaka has announced that
General Motors Automobiles Philippines(GMPh), GM's subsidiary in the
Philippines, will distribute the Subaru vehicles through their GM AutoWorld
retailers.
Since the agreement of the comprehensive strategic alliance between
FHI and GM in 2000, FHI has a broad cooperation with General Motors
in a number of areas and both companies have been working together to
realize the benefits of the alliance. Though both companies are making
progress in such areas as development and purchasing, GMPh is the first
GM operating unit that will distribute the Subaru vehicles as a result
of the cooperation in sales and marketing.
GMPh will sell Subaru Forester through GM AutoWorld retailers. The
automobile market is expected to grow and the small SUV segment, which
includes Forester, is one of the most promising segments in the Philippines.
FHI has seized the opportunity presented by the GM alliance to redevelop
its marketing strategies and further strengthen the Subaru brand in
the Philippines and other Southeast Asian markets.
The details of the operation, including target sales volume and prices
will be announced at the time of the Subaru launching scheduled this
spring.