TOKYO (Reuters) – Japanese automaker Subaru Corp on Friday forecast profit to jump about a third this year on a projected recovery in vehicle sales, bouncing back from last year when earnings halved due to production delays and mounting product recalls.
FILE PHOTO: The 2020 Subaru Outback is revealed at the 2019 New York International Auto Show in New York City, New York, U.S, April 17, 2019. REUTERS/Shannon Stapleton/File Photo
Japan’s seventh-biggest automaker inadvertently uploaded its financial report on its website hours ahead of schedule. It initially withdrew the material, but not before social media noticed, sending its shares down 2.2% to a near four-month low.
The report comes after a year in which output stopped for two weeks at Subaru’s sole assembly plant in Japan