Subaru Shuts Auto Plant Temporarily Following Global Chip Crunch: Reuters

April 5, 2021 1:35 PM | 29 seconds read | Make a Comment

Japanese automaker Subaru Corp FUJHF will shut down its Yajima plant between April 10 and 27 due to the global chip crisis, jeopardizing 10,000 vehicles, Reuters reports.
The production will resume from May 10.
The company was yet to ascertain the impact of the production halt on its financial results.
The plant is credited for manufacturing its famous models, including the Legacy sedan and Forester SUV.
Price action: FUJHF shares traded higher by 0.63% at $19.88 on the last check Monday.

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