2014 Subaru Legacy 2.5i Sport on 2040-cars

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Subaru, Mazda profits dip; both blame exchange rates

While some larger automakers took a beating on Q4 earnings, some of Japan's smaller operations managed to keep their heads just above water despite currency issues and slumping sales industry-wide. Subaru, which capped off its 11th consecutive year of U.S. sales increases, reported a 42-percent drop in operating profit in the final quarter of 2019; Mazda, which operates on an even smaller scale, saw a 76-percent drop.  Per Automotive News, both companies faced challenges apart from navigating currency exchanges.  Subaru Subaru's 2019 was marred by warranty costs stemming from repairs on high-volume models, including the Impreza and Crosstrek. Despite the drop in profit, company revenues only slid 2.3 percent. The company also says that it has managed to curtail incentive spending, largely thanks to replacement models that needed less help moving out of showrooms.  America remained a bright spot, with 2019 sales volumes increasing by nearly 3 percent over 2018. Subaru is hoping that figure will increase to 4.0 percent in 2020. Subaru's wholesale deliveries also increased in western Europe, but dropped precipitously (28 percent) in the company's home market.  Mazda The smaller Mazda faced similar challenges, but its 2019 lacked some of Subaru's more dramatic bright spots. Worldwide shipments of new vehicles dropped by 8 percent, aiding a revenue decline of 5 percent. Mazda's vehicles remained profitable on a per-unit basis, but only just.  Mazda has been undergoing aggressive cost-cutting measures, but even those were no match for reduced volumes and unattractive currency exchange rates.  Despite these challenges, both companies are keeping their earnings outlooks unchanged. The fourth quarter of 2019 represented the third quarter in both companies' fiscal years, which will end in March.  Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. 2020 Subaru WRX STI S209 | POV Drive

Toyota GT86, Scion FR-S sales disappointing worldwide?

Okay, folks - it appears we've got a problem. The Toyota GT86, Europe's counterpart to our own beloved Subaru BRZ and Scion FR-S coupes, is apparently not selling too well. This, according to Toyota's European Vice President of Research and Development, Gerald Killman, is what's limiting plans for additional variants of the rear-drive coupe.
"A faster version of that car would be at the top of most people's wish lists, but like the cabriolet, it is hard to justify a business case to push either model into production based on the current sales," Killman told AutoExpress. "Personally, I think that engine could use a little bit more," he added.
More troubling is that slow sales aren't limited to the Euro-spec car, with Killman claiming that the GT86 have been missing sales targets in major markets around the globe. It may not be that the US is one of those major markets, though. Scion's Vice President, Doug Murtha, tells Autoblog that his brand is happy with the sales of its version of the GT86, the FR-S. 18,000 units were sold last year, which Murtha says is "generally in line with original expectations for the car."

Junkyard Gem: 1988 Subaru GL 4WD Sedan

While Subaru kept the hatchback version of the second-generation Leone available in North America all the way through the late 1980s, the third-generation sedans and wagons went on sale here in 1985. Today's Junkyard Gem is a loaded '88 4WD sedan, found in thoroughly worn-out condition in a junkyard next to Pikes Peak in Colorado. From the late 1970s through the 1980s, Subaru named each of their North American Leone models "The Subaru," adding trim levels as placeholders for model names. The GL was the top-of-the-line version. This confused everybody, so these cars became Loyales starting in the 1990 model year. This car has the optional automatic transmission and Subaru's first full-time four-wheel-drive system (we'd call it all-wheel-drive by today's definition), available starting in 1988. You hit the red button on the shifter to switch between front- and all-wheel-drive, and if you drove on dry asphalt in the 4WD setting you didn't tear up the tires and/or drivetrain. Prior to this system, four-wheel-drive Subarus had a big lever to switch between drive modes, and you'd damage stuff by using 4WD on dry pavement. Adding to the luxury, this car came with factory air conditioning. A/C was still considered a frivolous luxury by many small-car shoppers in the late 1980s, but that attitude faded as the cost of refrigerated air went down. This car turned well over 200,000 miles during its 32-year career. That doesn't quite measure up to the kind of final odometer readings I see on four-wheel-drive Toyota cars of this era, but it's still excellent for its time. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. In the end, the rust finally got this car. The fenders sway in the mountain breezes now. The final owner appears to have been a huge fan of high-potency THC concentrates, available legally all over Colorado. We can only hope they didn't drive high, because shatter hash and old Subarus don't mix. In addition to the high miles and rust, the scent of overflowing ashtrays, sweat, clouds of vaped cannabis, and decomposing interior plastics knocked the resale value of this car down from $400 to about $80, despite the sale-enhancing automatic transmission. The idea of a Subaru GL with power windows would have seemed laughable just a few years earlier than 1988. This car could be purchased with a turbocharged engine, but this one just has the aftermarket badge upgrade.