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Subaru History

From only POA The exact beginnings of Subaru, Fuji Heavy Industries' car manufacturing division, date back to 1...

The exact beginnings of Subaru, Fuji Heavy Industries' car manufacturing division, date back to 1917, when the company began operations as an aircraft research centre. By 1932 the company, then known as the Nakajima Aircraft Company, was reorganised as Japan's primary aircraft manufacturer during World War II. By the end of the war, the company was again reorganised and renamed Fuji Sangyo Co. in 1946. Following a number of divisions taking place within the company, by 1955 a new corporation was formed - Fuji Heavy Industries - the Japanese transportation conglomerate as it is still known to this day. Following the merger, the company's then CEO, Kenji Kita, was keen on the company getting involved in manufacturing cars. Plans were soon set in motion to produce the company's first car, the Subaru 1500 (though only twenty 1500s were ever produced, due to problems with supplies). In 1958, Fuji Heavy Industries released the Subaru 360 - Japan's answer to producing an inexpensive, small car at a time when most Japanese people were unable to afford their own mode of transport. The 360 quickly went on to become one of Japan's most popular cars and set the benchmark for future Subaru sales. In the years that have followed, the car manufacturer has continued to release a number of notable Subaru models, including the Sambar in 1961, the R-2 in 1969, the Leone and the Rex in 1971, the BRAT in 1978, the Alcyone in 1985, the Legacy in 1989, the Impreza in 1989, the Forester in 1997 and more recently the Subaru Exiga in 2008. Many of these models can be obtained as used Subaru cars. Some of Subaru's more recent accomplishments include its environmental record; the company's Lafayette plant in Indiana, USA was the first car production plant to achieve zero landfill status. Some Subaru cars are also produced as Partial Zero Emissions Vehicles, in the company's Forester, Outback and Legacy ranges.

  

Jarretts Motors Limited trading as Wilmoths Citroen and Wilmoths is an Appointed Representative of Automotive Compliance Ltd who is authorised and regulated by the Financial Conduct Authority (FCA No. 497010). Automotive Compliance Ltd’s permissions as a Principal Firm allow Jarretts Motors Limited trading as Wilmoths Citroen and Wilmoths to act as a credit broker, not a lender, for the introduction to a limited number of lenders, and to act as an agent on behalf of the insurer for insurance distribution activities only.

We are a credit broker and not a lender. We can introduce you to a lender on our panel, which includes lenders of vehicle manufacturers. We have commercial arrangements with lenders and credit brokers which are likely to influence who we introduce you to. We are not an independent financial adviser and don’t give you any advice or recommendations. It is your choice whether you enter into any finance agreement.

 

Our approach is to introduce you first to the manufacturer lender linked to the franchise offering you the vehicle. They will usually offer the best available package for you, taking into account both interest rates and other contributions (but we do not guarantee they do). If they are unable to offer finance, we then seek to introduce you to someone else on our panel. We will usually receive a commission for your introduction. This will be either a fixed fee, or a fixed percentage of the amount that you borrow. This may be linked to the vehicle model you choose.

 

Lenders of vehicle manufacturers may also provide preferential rates to us for the funding of our vehicle stock and also provide financial support for our training and marketing. But any such amounts they and other lenders pay us will not affect the amounts you pay under your finance agreement. Before we propose you to a potential lender, we will tell you of the likely amount of commission we will receive and seek your consent to receiving this commission. The exact amount of commission will be confirmed before you sign your finance agreement.

 

All finance applications are subject to status, terms and conditions apply, UK residents only, 18s or over. Guarantees may be required.