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4/5, 9:45 AM (Source: TeleTrader)
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SUBARU-3.81%

16.3000
Chart for: SUBARU CORP.

Subaru to halt production at Yajima plant

Subaru Corp. announced on Monday it is pausing production at its Yajima plant due to the global chip shortage.

The manufacturing will be suspended from April 10 until April 21, when some of the production lines will resume operations. The factory is expected to be fully operational on May 10, the automaker said.

"The impact on the Company’s consolidated financial performance is yet to be determined," the Subaru press statement read.

Breaking the News / MD