2009 Subaru Outback 4dr H4 Auto 2.5i Special Edtn on 2040-cars

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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.

Subaru nixes plans for US-built XV Crosstrek

Subaru is on a sales tear, with numbers up 21 percent through the end of November compared to last year. It's been investing in its Indiana factory, and having ended its contract to build the Toyota Camry there, the 400,000-unit capacity was once seen as more than Subaru needs. At some point Subaru had plans to build the XV Crosstrek here in the US, but Reuters reports that the company has changed its mind and will build the little crossover Scooby in Japan, in the same Gunma Prefecture factory where the Impreza, BRZ and Levorg are built. The report cites "the relatively high sales price," the weakening yen versus the dollar and capacity constraints at the Indiana facility. For a planned production run of 65,000 Crosstrek units annually, the new math – especially the yen valuation, which has declined against the dollar to a rate not seen since 2007 – makes Japanese production a viable option. Subaru isn't the only manufacturer taking its toys back home, either: the Reuters report says Toyota is considering shifting some Camry production back to Nippon, while Nissan plans to do the same with the Rogue. Our guess is that if Subaru sales continue the trend they've been on for years, the assembly decision will give them more local flexibility here for addressing it. Featured Gallery 2014 Subaru XV Crosstrek Hybrid: First Drive View 53 Photos News Source: ReutersImage Credit: Copyright 2014 AOL Plants/Manufacturing Subaru Crossover subaru xv crosstrek

2015-18 Subaru Foresters recalled because front airbag may not deploy

Subaru is recalling 366,282 Foresters from model years 2015-18 because the front passenger airbag may not go off when it should during a crash. The problem stems from Subaru’s “Occupant Detection System,” which may not be able to detect a person sitting in the seat due to a loose connection. ThereÂ’s an electrical connection under the passenger seat that may loosen over time, according to Subaru. That connection is necessary for the detection system to function. Subaru says that only cars equipped with heated front seats are subject to this recall, as those are the only ones equipped with the specific harness where this would be possible. If your Forester is experiencing this problem, Subaru says you may see the “airbag warning” light illuminate on your dash. The “Passenger airbag off” indicator will also be illuminated, so that makes two different lights to check to see if your airbag is working. In turn, the seat wonÂ’t recognize the presence of a person in the front passenger seat, and the airbag may not deploy in a crash. Subaru will inspect the vehicles it recalls and replace the sensor mat harness if necessary. If you own a 2015-2018 Forester with heated front seats, look out for a note in the mail informing you of a recall. YouÂ’ll need to take the car in to the dealer, where the recall work will be done free of charge. As of now, Subaru isnÂ’t aware of any injuries or fatalities associated with this problem.