Subaru halts bulk of global car output over part defect

  • News Digest

Jan 24, 2019-

Subaru Corp said its sole car factory in Japan, accounting for roughly 60 percent of global production, could be out of action for almost two weeks after it discovered a suspected defect in a power-steering component. Shares in Japan’s sixth-largest automaker fell nearly 7 percent at one point before recovering some ground after the company announced further details, including plans to restart production on Monday at the earliest. It closed down 3.4 percent, while the benchmark Nikkei average ended flat. The production stoppage, which started from the night shift on Jan. 16 at one of Subaru’s only two factories worldwide, was first reported in the Asahi newspaper on Wednesday. (REUTERS)

Published: 24-01-2019 08:49

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