⛔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.