Automotive

Subaru Halts New North American Investments

Most of the McDonald's employees we've met would love to build cars for $25/hr. What's REALLY going on here, Subaru? You can tell us.
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Subaru Halts New North American Investments

⛔Subaru is halting new North American investments, which for now means they will not be building EVs in the US.

🍔The company CEO Tomomi Nakamura says it cannot compete with rising labor costs. He used McDonald's pay as a bit of evidence but placed the hourly rate more than double what most workers make at $20 - $25.

📈Despite a recent hiccup with the company's first EV and labor cost anxiety, they are showing healthy growth, profits, and demand in the US.

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