Subaru Canada is recalling almost 14,000 Ascent model vehicles from years 2019 to 2022 due to the potential risk of fire. “The ground bolt that secures the ground terminal of the Positive Temperature Coefficient (PTC) heater may have been improperly fastened during vehicle production,” Subaru said in a Dec. 9 news release. Subaru says this…
Subaru Recalls Nearly 14,000 Vehicles in Canada Due to Potential Fire Risk
Subaru Recalls 271,000 US Vehicles for Fire Risks, Urges Drivers to Park Outside
Subaru on Tuesday said it was recalling 271,000 Ascent sport utility vehicles with model years between 2019 to 2022 due to increased fire risks and urged owners to park their vehicles outside until repairs are completed. The Japanese automaker said owners should park away from structures and avoid leaving vehicles unattended while the engine is…
Subaru Says Reluctant to Further Invest in US Because of Pay Competition from McDonald’s
Japanese automotive firm Subaru is reluctant to invest in manufacturing electric vehicles in the United States due to the high wage inflation, CEO Tomomi Nakamura said on Wednesday. “In Indiana, part-time workers at McDonald’s earn $20 to $25 per hour, which is in competition with what temporary workers make at our plant,” Nakamura said while…
Honda Raises Annual Profit Forecast After Beating Quarterly View
TOKYO—Japan’s Honda Motor Co. raised the outlook for its full-year operating profit on Wednesday thanks to weaker yen, but warned against over-optimism as it saw the chips shortage continuing and was concerned about an economic slowdown. The mixed view from Honda reflected sentiment held widely among Japanese carmakers that although demand is strong and recovery…
Toyota, Subaru Shares Drop on ‘Embarrassing’ Recalls of First EVs
TOKYO—Toyota Motor shares slipped after it recalled some of its first mass-made all-electric cars, launched two months ago, because of a risk of wheels coming loose, a setback to its ambitions to electrify its model range. Toyota, the world’s largest automaker by sales, said on Thursday it would recall 2,700 bZ4X SUVs globally. Subaru Corp,…
Subaru Recall: Chain Can Slip and Break, Causing Power Loss
DETROIT—Subaru is recalling nearly 200,000 vehicles in the United States because a chain in the transmission can break, causing a loss of power. The recall covers certain 2020 Legacy and Outback vehicles, as well as some 2019 and 2020 Ascent SUVs. Subaru says in documents posted Wednesday by U.S. safety regulators that a programming error…
NTD Business Full Broadcast (Nov. 12)
A record number of Americans are quitting their jobs. What’s behind it? NTD asks a hiring expert. With a nationwide labor shortage, companies are rushing to add robots to assembly lines. Drugmaker Johnson & Johnson is spinning off its consumer health products unit and splitting into two companies. What’s behind the move?
Japan’s Subaru to Suspend Production in Indiana on Chip Shortage
TOKYO—Japanese automaker Subaru said on Tuesday that it was suspending production at its plant in Indiana through the end of April due to a global shortage of semiconductors. Automakers from Ford Motor to Nissan Motor have cut production due to the shortage of chips, used extensively in new cars for automatic windows, parking assistance, and…
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