2003 Subaru Impreza Wrx Turbo Stick Awd Very Nice No Reserve on 2040-cars

Auto blog

Subaru profit climbs 48% on strong crossover sales in first quarter

TOKYO — Subaru reported a 48% increase in first-quarter operating profit on Monday as global sales grew, led by demand for the Ascent and Forester SUVs in the United States. The smallest of Japan's major automakers posted an operating income of 92.2 billion yen ($870 million) for April-June, versus 62.1 billion yen a year earlier and an average estimate of 65.6 billion yen from eight analysts polled by Refinitiv. Sales in the United States, by far Subaru's biggest market, rose 20%. It accounts for about 60% of Subaru's overall sales. The maker of Legacy sedans and Forester SUV crossovers maintained its forecast for operating income at 260 billion yen for the year to March 2020, up 45% from a year earlier. The previous fiscal year was marred by a string of recalls, production stoppages and inspection improprieties that cut the automaker's earnings in half. Subaru reiterated its annual forecast for global sales of 1.06 million vehicles. It also left unchanged its assumption that the yen will average 110 against the dollar over the course of the fiscal year, versus 111 last year. A stronger currency eats into profits because cars exported from Japan become more expensive and the value of earnings made overseas decreases.

You can almost make out the shape of the new Subaru Crosstrek

Subaru released a shadowy teaser of the redesigned XV hatchback which will debut in March at the Geneva Motor Show. The car will be called the Crosstrek in the United States. We can't see much from this dark image, but it looks like the sides have more creases and definition than the current model, which has been on sale since 2013 with only minor changes. Subaru showed the XV concept at Geneva last year with wild wheels, sharp headlights, severe side cuts, and prominent off-road-style body cladding. Naturally, we expect a more toned-down version in production trim. Subaru confirmed the new vehicle will offer its Symmetrical All-Wheel-Drive system (we'd be stunned if it didn't). The Crosstrek will also employ Subaru's new Global Platform, which is more rigid and has a lower center of gravity. These modular underpinnings will be used on all of its next-generation models and debuted on the Impreza. The Crosstreck was called the Crosstrek XV in the US market for several years and also offered a hybrid version, which was dropped. Crosstrek sales in the US increased 7.6 percent last year to 95,677 units, placing it third behind the Outback and Forester in Subaru's portfolio. Related Video:

Subaru WRX STI Type RA-R has more power, less weight

Subaru is releasing yet another special high performance WRX STI that's only for its home, Japan. This time it's a variant of the WRX STI Type RA called the Type RA-R. Though it looks very similar to the version we get in the U.S., it has some key differences. Instead of the 310-horsepower 2.5-liter four-cylinder in ours, the RA-R has a 324-horsepower turbocharged 2.0-liter four-cylinder. It also produces 318 pound-feet of torque, a fair bit more than the 290 of ours. The Type RA-R also boasts additional weight savings. The company says it's about 66 pounds lighter than the WRX STI S208, another special STI similar to our Type RA. That model was already lightened thanks to a carbon fiber roof among other additions. Interestingly, the Type RA-R doesn't appear to have the Bilstein suspension of the S208 or the U.S. Type RA. It does still have Brembo brakes front and rear, though, with six-piston calipers up front and two-piston calipers in the back. Visually the Type RA-R looks fairly similar to its other special edition siblings. It has the extra "Cherry Blossom" red accents in the grille and the rear diffuser. It does have the option to go without the giant rear wing, though, for people who want the performance without shouting about it. The wheels are also downsized from 19 inches on the S208 and U.S.-spec Type RA to 18 inches. Unsurprisingly, this is a very limited edition vehicle. Only 500 will be sold, just like the U.S. Type RA. That is 50 more than the S208, though. The price before taxes is, at current exchange rates, about $41,500. Interestingly, that's a lower price than the American model. Of course it doesn't really matter because, as we already said, this car is for Japan only. Related Video: