Posted Monday, May 14, 2018 at 10:48pm
North America, long the earnings engine for Subaru Corp., turned into a drag on profits amid spiraling incentives due to increased competition in the crossover segment.
Subaru is still on pace for its 10th straight year of record U.S. sales. But the company is spending more to move the metal. Those higher outlays hurt parent company profits, which declined for the second straight year, mostly on tumbling results in North America.
