Subaru Sees Strong US Demand To Continue: Reuters


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  • Japanese multinational, Subaru Corporation (OTC:FUJHF) sees strong demand from U.S. car buyers to continue, amidst fears of economic slowdown, Reuters reported.
  • Subaru has a backorder of about 50,000 vehicles, and retailers only have between 4 to 5 days’ worth of stock in the U.S., the report cited Chief Financial Officer Katsuyuki Mizuma.
  • The automaker produced 11.7% more vehicles globally, to 205,000 units for the quarter ending June 2022. Production in the U.S. grew 5.4% to 70,000 units.
  • Subaru’s revenue for the quarter increased 31.3% Y/Y to ¥834.1 billion.
  • Price Action: FUJHF shares closed at $17.74 on Tuesday.

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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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Posted In: EarningsNewsGeneralBriefs