JAPAN’S SUBARU CORP. CUTS ITS GLOBAL SALES OUTLOOK BY 868,000 VEHICLES

Highlights –

• Japan’s Subaru Corp. cuts its global outlook by 868,000 vehicles.
• The Japanese automaker is cutting the number due to a global semiconductor shortage.
• The automaker has cut down its net profit outlook in the current business year to 75 billion yen.
• In 2021, Subaru said it plans to globally produce 823,000 vehicles.

On Friday, Jap....