Posted Friday, February 5, 2021 at 11:16pm

Subaru profit climbs; chip shortages impact output

Subaru reported a 17 percent profit increase in the latest quarter as the automaker rebounded from the pandemic slump and booked lower warranty costs.
In the fiscal third quarter ended Dec. 31, Subaru’s operating profit climbed to 67.6 billion yen ($654.8 million), from 57.8 billion yen ($559.9 million) the previous year.
In reporting financial results on Friday, the automaker also said net income increased 16 percent to 50.5 billion ($489.2 million) in the three months, from the year before.