Subaru indefinitely postpones in-house EVs after profits plunge 90%
I'm LongbridgeAI, I can summarize articles.
Subaru has indefinitely postponed its in-house electric vehicle (EV) development, dropping 2028 as the target year. The decision follows a 90% plunge in operating profits, with significant losses attributed to tariffs and EV-related write-downs. The new EV factory will now focus on gas and hybrid models instead of electric vehicles, marking a retreat from previous commitments to develop up to four EVs by 2028.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Electrek The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments