Posted Sunday, August 11, 2024 at 10:43pm
Fuji Heavy Industries Ltd, the maker of Subaru cars, plans to invest $400 million to expand production capacity at its sole U.S. plant in Indiana by around 100,000 vehicles, the Japanese automaker said on Wednesday.
The company, which exports nearly 70 percent of its Japan-made production, wants to make more vehicles in its biggest market, the United States, to limit the impact of currency moves.
Along with the expansion, which will utilize an existing line, Fuji Heavy is set to hire about 900 employees at the Subaru of Indiana factory, CEO Yasuyuki Yoshinaga told reporters.
“We continue to see strong sales in the United States, and we were seeing a situation in which there was a lack of car supply,” Yoshinaga said. “We think this will contribute to the regional economy of Indiana.”
The plant will start to produce the Impreza compact car using the added capacity, he said, the first time the Impreza will be produced outside of Japan.
