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Toyota, Mazda drop Takata as Mitsubishi, Subaru weigh options

It's not a very good time to be Takata right now. Fresh on the heels of longtime partner Honda ditching them, Toyota and Mazda have both come out and said they will not use the company's airbag inflators if they continue to rely on ammonium nitrate. Bloomberg reports that Subaru and Mitsubishi are also contemplating a divorce. "The inflator using ammonium nitrate produced by Takata will not be adopted by Toyota," President Akio Toyoda said during a briefing today. "What's most important above anything else is the safety and peace of mind of customers." Mazda echoed that position, simply saying it "will not use Takata airbag inflators which contain ammonium nitrate in our new cars." When you lose three huge OEM accounts in as many days, it's certainly going to have a deleterious effect on your fortunes. In Takata's case, that's meant a staggering 39-percent drop in their share price over the last three days. Yesterday alone, the company saw a 6.2-percent fall, Bloomberg reports. As the business publication reports, though, Takata isn't going down without a fight. The company is "considering some plans to survive," including a fundraising plan that will see it potentially offer up additional shares for sale. Still, at least one analyst doesn't see whatever company survives staying involved in the airbag inflator business. "I really don't see how they're going to be able to survive as an inflator manufacturer," Valient Market Research founder Scott Upham told Bloomberg. "When your major clients publicly come out and say that they're not going to use your products anymore, it makes this very difficult to sustain your business." News Source: Automotive News - sub. req.Image Credit: Carlos Osorio / AP Honda Mazda Mitsubishi Subaru Toyota Safety supplier

2019 Subaru Forester teased again ahead of New York reveal

Subaru continues to dribble out teaser images of its all-new 2019 Forester ahead of its reveal Wednesday at the New York Auto Show. The image, posted to Subaru's Facebook page, once again focuses on Forester's rear end, and specifically, the pincer-shaped right rear taillight that carries over from the Viziv concepts. Only this time, the photo is taken in broad daylight, so we can make out a little more of what's happening on that tailgate area. There are scooped-out recesses above the rear bumper and around the license plate and a wider cargo opening, as noted here previously. There's also some black plastic body cladding. Previous spy shots have suggested the crossover will retain the boxy shape and grille of the current model, but with some subtle sidebody creases like those found on the Impreza and Crosstrek. It's expected to ride on Subaru's global architecture platform, while engine options aren't known. The current Forester's base engine is a 2.5-liter horizontally opposed four-cylinder making 170 horsepower, with an optional turbocharged 2.0-liter that makes 250 hp and 258 lb-ft of torque. We'll know more tomorrow, when Subaru takes the wraps of the redesigned Forester in New York. Related Video: Image Credit: Subaru New York Auto Show Subaru Crossover tailgate subaru viziv

Ford, Toyota clean up in Best Car For The Money Awards

The U.S. News Best Cars for the Money Awards picks winners by looking at the average transaction price, five-year total cost of ownership, the regard a car has from the automotive press, reliability figures from J.D. Power and Associates and safety data from the National Highway Traffic Safety Administration and the Insurance Institute for Highway Safety. The result, according to the magazine, is "the best combination of critical acclaim and long-term value."
Ford nabbed six of the 21 categories that received awards this year, the Focus, Fusion, Fusion Hybrid, Taurus, Escape and Edge getting trophies. Toyota and its Lexus and Scion sub-brands took another five, the Tacoma and Tundra owning the two categories given to pickup trucks. The other ten awards were split between Honda with three, Buick with two, and one each for Subaru, BMW, Hyundai, Chevrolet and Mazda.
Follow the link to see all the winners and read about why they were chosen.