Subaru Corp (7270.T)
15 Nov 2018
Mon, Nov 5 2018
* Automaker expands Japan recalls due to more inspection cheating
TOKYO, Nov 5 Subaru Corp will reduce output at its main factory in Japan after finding new cases of inspection cheating and will slash its annual profit forecast by a quarter to 220 billion yen ($1.94 billion), the Nikkei business daily reported on Monday.
TOKYO, Oct 23 Automaker Subaru Corp on Tuesday nearly halved its operating profit forecast for the April-September period due to higher quality-related costs, in the wake of it not adhering to proper inspection steps last year that led to a vehicle recall.
* Maintains full-year profit forecast at 21 pct slide (Adds reasons for U.S. sales slump, executive comments on U.S. tariffs)
TOKYO, Aug 6 Subaru Corp on Monday reported a 51.8 percent fall in operating profit for the first quarter due to lower global sales, particularly in the United States, while discounts on U.S. sales also stung the automaker's bottom line.
TOKYO, July 10 Japanese automaker Subaru Corp on Tuesday forecast cumulative sales of 10 trillion yen ($90 billion) over the next three years, a modest outlook that prompted a dip in its shares.