Subaru Sees Higher North America Sales After Dodging China Slump
- Plans to introduce a 7-seat SUV exclusively for North America
- Fuji Heavy aims to keep dividend payout ratio in 20%-40% range
Subaru CEO Yasuyuki Yoshinaga.
Photographer: Kiyoshi Ota/BloombergThis article is for subscribers only.
Fuji Heavy Industries Ltd.’s Subaru sees sales of 700,000 vehicles in North America as early as in 2017 as it dodges a slump in China.
The carmaker may sell more than 600,000 vehicles in North America in 2015, five years ahead of its mid-term plan, Chief Executive Officer Yasuyuki Yoshinaga said in an interview at the company’s headquarters in Tokyo. Subaru has gained market share in the U.S. as the brand long known for all-wheel-drive vehicles continued to win more mass-market customers.