UPDATE 1-Subaru H1 profit drops on weak sales, cuts forecast

Newswire

(Adds share price) TOKYO, Nov 17 (Reuters) - Fuji Heavy Industries , the maker of Subaru vehicles, posted a drop in interim earnings and cut its full-year forecasts on Monday, hurt by an ageing line-up at home and higher sales incentive costs in the U.S. market. The niche maker of off-road vehicles, which is one-fifth owned by General Motors Corp , said consolidated operating profit for April-September slid 50 percent to 18.31 billion yen ($168.9 million), although sales edged up 2.6 ...

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