Subaru’s Profit Fell 44% and It Announced a Bank the Same Day

Subaru reported first-quarter operating profit of 42.6 billion yen on August 5, down 44.3% year over year, with revenue up 3.0% to 1,250.9 billion yen. The same day it announced plans to build a US captive finance arm by 2030 covering retail loans, leases and floor plan, extending its Chase partnership through the transition. The post Subaru’s Profit Fell 44% and It Announced a Bank the Same Day…