Posted Friday, November 5, 2021 at 9:40pm

Subaru profit falls by almost half on chip shortage

Subaru profits plunged by nearly half in the latest quarter as the Japanese automaker felt the effects of crimped production and falling sales amid the global semiconductor shortage.
Subaru Corp.’s operating profit dropped 46 percent to 24.9 billion yen ($223.0 million) in the fiscal second quarter ended Sept. 30, forcing the company to lower its full-year profit outlook.