TOKYO May 8 Fuji Heavy Industries Ltd,
the maker of Subaru cars, plans to invest $400 million to expand
production capacity at its sole U.S. plant by around 100,000
vehicles, it 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
Fuji Heavy, Japan's smallest carmaker by volume, booked a
record annual operating profit of 120.4 billion yen ($1.22
billion) for the financial year ended March, more than double
the 44 billion yen it booked in the previous year, on strong
sales in the United States, aided by the yen's depreciation
versus the dollar.
($1 = 99.0750 Japanese yen)
(Reporting by Yoko Kubota; Editing by Daniel Magnowski)