Investing.com -- Subaru (OTC: FUJHY ) of America announced on Monday that it is increasing prices on several models, Reuters reported. The decision comes as the latest move by an automaker to pass on rising costs to consumers. The company did not mention the Trump administration’s tariffs as a reason for the price hike.

In a statement, Subaru explained that the price increases were a response to "current market conditions." The company did not provide specifics about the tariffs or the exact price changes.

Subaru emphasized that the decision to increase prices was aimed at balancing rising costs while continuing to offer a solid value proposition to customers. The company clarified that its pricing is not influenced by the country of origin of its products.

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