FHI TO WITHDRAW FROM FIA WRC AFTER 2008 SEASON

Fuji Heavy Industries Ltd. (FHI), the maker of Subaru automobiles, has announced the withdrawal from the FIA World Rally Championship (WRC) at the end of the 2008 season.

FHI has participated in the WRC together with Prodrive, a motorsports and automotive engineering group in the UK, over the past 19 years to pursue its goal and philosophy in motor sports activities to enhance Subaru brand awareness by showing that Subaru vehicles offer safe, comfortable and pleasurable driving no matter the weather or road conditions, featuring Horizontally-Opposed engine and the Symmetrical All-Wheel drive system as its core technologies, and to transfer results of race-tested technical improvements into Subaru passenger vehicles.

Subaru has won three manufacturer’s championship titles and three driver’s championship titles in its history of rally racing. This has helped enhance the value of the Subaru brand as well as the sales expansion of Subaru vehicles all over the world.

FHI considers it has achieved its original target in WRC participation. However, while considering positioning the WRC activity in Subaru branding strategy towards the future, our business environment has been dramatically changed due to the quick deterioration of the global economy. In order to optimize the management resources and to strengthen further the Subaru brand, FHI decided to withdraw from WRC activities at the earliest timing.

As regards future involvement in rally activities, FHI will continue to support teams and drivers that participate in P-WRC or the Group N category.
source: newspress