Filed under: Earnings/Financials,Subaru
Subaru Corp lowered its annual profit forecast on expectations of a stronger yen and the impact on production from a typhoon last month, driving its shares down as much as 4.5%. Japan's smallest major automaker, which is owned a fifth by top-ranked Toyota Motor Corp , cut its forecast for operating profit to 220 billion yen ($2 billion) for the year ending March 2020, from a previous forecast of 260 billion yen. Subaru revised its forecast for the yen to average 107 versus the
Continue reading Subaru cuts annual profit outlook on strength of yen, typhoon impact
Subaru cuts annual profit outlook on strength of yen, typhoon impact originally appeared on Autoblog on Wed, 6 Nov 2019 08:18:00 EST. Please see our terms for use of feeds.
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