Fuji Heavy, Parent Company Of Subaru, Forecasts 57% Profit Increase - Subaru WRX Forum
 
LinkBack Thread Tools Display Modes
post #1 of 1 Old 05-07-2010, 05:22 PM Thread Starter
Administrator
 
Administrator's Avatar
 
Join Date: Mar 2008
Location: Ontario, Canada
Posts: 139
Images: 1
Administrator is an unknown
Fuji Heavy, Parent Company Of Subaru, Forecasts 57% Profit Increase


Fuji Heavy Industries, the maker of Subaru cars, forecasted a 57% increase in quarterly profits, as sales in the United States grew while costs were reduced.

Fuji Heavy also said that they will boost production at its Indiana plant from 100,000 to 131,000 units. The plant builds Subarus as well as Toyota Camrys, as Toyota owns a 16.5 stake in Fuji Heavy.

Speaking to Reuters, Chief Executive Ikuo Mori said that Subaru may need to take further steps if it keeps growing in the United States. "It's not that simple to add capacity, but we may have to consider some steps if sales keep growing at this pace," he said, adding suggesting that the India plant has the potential to be expanded.

Fuji Heavy is on track for an annual profit of $474 million, with shares up 15% since last year, making it one of the best performing auto industry companies in Japan.

More: Fuji Heavy, Parent Company Of Subaru, Forecasts 57% Profit Increase on AutoGuide.com
Administrator is offline  
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode



Posting Rules  
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On