Don’t miss the latest developments in business and finance.

Subaru restarts production at Japan car factory

Image
Reuters TOKYO
Last Updated : Jan 28 2019 | 11:55 AM IST

TOKYO (Reuters) - Subaru Corp said it restarted its sole car factory in Japan on Monday after halting the plant for almost two weeks due to a suspected defect in a power-steering component.

The company said in a statement it did not yet know what impact the production halt would have on its earnings, which are already on track for a third straight annual drop.

The stoppage at the plant, one of Subaru's only two factories worldwide and accounting for roughly 60 percent of its global production, started from the night shift on Jan. 16.

(Reporting by Chang-Ran Kim; Editing by Muralikumar Anantharaman and Himani Sarkar)

Also Read

First Published: Jan 28 2019 | 11:51 AM IST

Next Story