TOKYO (AP) - Toyota Motor Corp. and Fuji Heavy Industries Ltd. are in discussions to develop a low-cost sports car targeting younger drivers, a news report said Friday.
The new sports car would likely be sold by Toyota, on track to become the world's No. 1 automaker by production, and carry a horizontally opposed engine developed by Fuji Heavy, according to a report in the Asahi newspaper.
The car will have a relatively low price tag of under 2 million yen (US$16,780) to attract younger drivers, Asahi said.
Toyota acquired a 8.7 percent stake in Fuji Heavy, the manufacturer of Subaru vehicles, in October 2005.
Both companies declined comment, but spokesmen said they were in talks on several possible collaborations.
