July 14, 2004

Saab and Subaru ally to introduce new crossover vehicle

Detroit, Michigan – Fuji Heavy Industries Ltd. (FHI), the Japanese auto manufacturer of Subaru vehicles, and Swedish automaker Saab Automobile AB (Saab), a wholly-owned subsidiary of General Motors Corp. (GM), have agreed on collaboration for a new crossover vehicle.

The project represents an expansion of the cooperation between FHI and Saab that was initiated last year with Saab vehicle sales through select Subaru dealer outlets in Japan, and was followed this year with the introduction of the Saab 9-2X premium sports compact in the U.S. and Canadian markets.

“We continue to see a working relationship between FHI and Saab as a very natural fit,” says Bob Lutz, GM’s vice chairman for product development. “It makes sense for FHI and Saab to work together early in the development process to deliver their own distinct interpretations of a sporty and versatile ‘cross over’ product.”

The new collaboration between FHI and Saab will integrate the development of a new Saab crossover vehicle with FHI’s crossover project for Subaru. Both vehicles will be produced at FHI’s U.S. manufacturing facility in Lafayette, Indiana.

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