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Subaru profits fall by half last year among recall maladies

Subaru took a financial beating last year, according to its freshly released earnings report. During the full fiscal year, which ended March 31, the carmaker's operating profits effectively halved. Net income dropped 33% to 147.81 billion yen, or $1.33 billion, and revenue fell 2.2% to 3.16 trillion yen ($28.5 billion). Subaru states that its operating income declined by 48.5% to 195.5 billion yen, or to about $1.78 billion. According to Subaru, this was not only due to a decrease in sales, but also due to recall campaigns. Total production decreased nearly 6% to 989,000 units, and production stoppages at the Gunma plant were partially to blame for that — but Impreza, XV and Levorg sales also sank. The redesigned Forester did start out well in the summer, but sales in the first half of 2018 were more modest with the outgoing generation still in the showrooms. The Gunma manufacturing plant, Subaru's sole factory in Japan, ground to a halt in January 2019 to remedy issues with Forester, Crosstrek and Impreza electric power steering units, and that cost Subaru nearly 10 days of production, corresponding to around 30,000 vehicles. Earlier, there was a 500,000-vehicle recall in Japan due to fraudulent final inspections. Automotive News also lists other recent Subaru maladies, such as a low-fuel warning recall and stop-sale for all U.S-market Outbacks and Legacys, and the earlier, global recall to repair valve springs on the boxer engines of 411,000 vehicles. This particular recall hasn't been problem-free, as there have been cases where subsequent engine failures on BRZ models have been suspected of having been caused by slapdash recall work. There is also a new, large-scale recall in the horizon for Subaru, as a brake light issue on 2008-2017 vehicles necessitates the recall of some 2.3 million vehicles. However, it's not all bleak for Subaru, as U.S. sales are going strong. The carmaker predicts 2019 will be the 11th straight record year, and U.S. retail sales climbed 7.7 percent in April, which was the 89th consecutive month with increased sales. But still, not all Subaru markets are equal: On the North American market, Subaru sold 717,000 vehicles during the past fiscal year, an enormous percentage of its total sales. News Source: Subaru via Automotive News Plants/Manufacturing Recalls Subaru

2024 NY Auto Show, the new Mercedes G and a possible Xterra revival | Autoblog Podcast #825

In this episode of the Autoblog Podcast, Editor-in-Chief Greg Migliore is joined by Associate Editor Byron Hurd, who joins us fresh from the floor at the 2024 New York Auto Show. They start with an overview of the show and this year's big debuts, then pivot to other news for talk of the 2025 Mercedes G-Class unveiling. After that, they touch on the potential for a Toyota FJ Cruiser revival, which then leads them to an Autoblog scoop from Nissan: a new Xterra is apparently on the table. They wrap up news with an overview of this year's Easter Jeep Safari concepts. From that, it's on to what they've been driving. Greg has spent some time in the Genesis G70, while Byron shares his thoughts from his first few weeks behind the wheel of the Autoblog long-term Subaru WRX.  Send us your questions for the Mailbag and Spend My Money at: Podcast@Autoblog.com. Autoblog Podcast #825 Get The Podcast Apple Podcasts – Subscribe to the Autoblog Podcast in iTunes Spotify – Subscribe to the Autoblog Podcast on Spotify RSS – Add the Autoblog Podcast feed to your RSS aggregator MP3 – Download the MP3 directly Rundown New York Auto Show Other News 2025 Mercedes G-Class FJ Cruiser Returning? Xterra Returning? 2024 Easter Jeep Safari What We're Driving Long-Term WRX Genesis G70 Spend My Money Feedback Email – Podcast@Autoblog.com Review the show on Apple Podcasts Autoblog is now live on your smart speakers and voice assistants with the audio Autoblog Daily Digest. Say “Hey Google, play the news from Autoblog” or "Alexa, open Autoblog" to get your favorite car website in audio form every day. A narrator will take you through the biggest stories or break down one of our comprehensive test drives. Related video: Podcasts New York Auto Show Genesis Hyundai Infiniti Kia Mercedes-Benz Nissan Subaru Volvo Truck Crossover Hatchback SUV Wagon Concept Cars Electric Future Vehicles Luxury Performance Sedan

'Kingsman' Subaru WRX isn't your typical rear-engined stunt car

The Subaru WRX has been a hot choice for movie cars as of late. The most popular is the rear-wheel-drive Subie from " Baby Driver," of which two stunt car examples have been sold off. But a lesser known appearance was in the movie "Kingsman: The Secret Service." Now the car used in that film is up for sale, and it's got a custom twist we've never really seen before. As the photos show, this is no ordinary WRX. Although the exterior looks like any other car, the secrets are held within. Open the trunk and there lies the engine. Look inside the cabin and there are not one, but two separate steering wheels: one in the normal right-hand-drive spot for a U.K. car, the other in the rear passenger-side seat. For those who have seen the movie (if you haven't, we recommend it), it should have clicked by now why the car has this setup. For those who haven't, there is a fairly simple explanation. In one of the scenes, the main character is seen escaping the police by driving the car backward through a narrow street at a high rate of speed. Rather than trying to accomplish this task by actually driving the car backward, the movie makers apparently cut off the body of the WRX, flipped it 180 degrees, and reattached it. So, the steering wheel that appears to be in the normal spot is actually an imposter added after the fact. The real driver's seat, steering wheel, six-speed gearbox and pedals are the ones seen in the rear seat facing the trunk. According to the seller, there are several other additions to the car, which is claimed to be an STI Spec D. The seller says the engine has several upgrades to the engine, as well as a welded-in roll cage. The car apparently does not start with the key but was bump started and ran okay. Though listed on eBay, this is not an auction. The seller has posted the car, which has 67,000 miles on it, for GBP5,950.00 (about $7,605). He also claims to have two other Subarus that were used in the movie. This would be a perfect car to charge for appearances at local events and parades. Just beware of the gremlins that are sure to pop up. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Related Video: News Source: eBay Auto News Weird Car News Subaru Car Buying Used Car Buying Special and Limited Editions Performance Sedan eBay movie cars sti