Japan’s Subaru Recalls More Cars, Slashes Guidance as Cheating Issue Widens

Japan’s Subaru Recalls More Cars, Slashes Guidance as Cheating Issue Widens
The logo of Subaru Corp. is pictured at the 45th Tokyo Motor Show in Tokyo, Japan, on Oct. 25, 2017. Toru Hanai/Reuters
|Updated:

TOKYO—Japan’s Subaru Corp said it would recall more vehicles sold in the domestic market on new cases of inspection cheating, and cautioned that rising recall costs would lop off about a quarter from its annual profit forecast.

Shares in Subaru, already reeling from a series of recalls for issues ranging from faulty components to inspection do-overs, fell 5 percent to a four-year low on Nov. 5, after news of the fresh recalls and the bleak outlook.