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Auto blog
Subaru profit climbs 48% on strong crossover sales in first quarter
Mon, Aug 5 2019TOKYO — 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.
Was the old one better? 2019 Subaru Forester joined by past generations
Wed, Mar 28 2018NEW YORK — Are you having a hard time telling the all-new 2019 Subaru Forester apart from its predecessor? Are you wondering what was actually changed? Well, it's as if Subaru sensed that confusion, and brought the new Forester's ancestors on stage for its debut here at the New York Auto Show. Honestly, it didn't help much. The rear looks considerably different thanks to its Honda Accord-like forked taillight treatment, but oh boy, is there a strong similarity between generations four and five. However, given the success Subaru has been enjoying these past few years, why mess with something that works. After all, the new Ascent looks the way it does because that's what Subaru customers expected. And now, Subaru Forester, this is your life. Which is your favorite? Generation 1: 1997-2002 Generation 2: 2003-2008 Generation 3: 2009-2013 Generation 4: 2014-2018 Generation 5: 2019 View 19 Photos Related Video: New York Auto Show Subaru Crossover SUV
2014 Subaru XV Crosstrek Hybrid finally adds gas-electric option to the brand [w/video]
Thu, 28 Mar 2013For a company that does a pretty great job of tying its vehicles to the environment - or, better said, to people who like to actually get out into the environment - Subaru hasn't exactly been a leader in green vehicle production. In fact, it's 2013 and the company is finally releasing its first-ever production hybrid, the XV Crosstrek Hybrid. Tom Doll, Subaru's executive vice president, admitted as much at the unveiling today at the New York Auto Show: "We at Subaru were not the first to market with a hybrid, but we sure made sure we did it right."
That may be, but for now the automaker doesn't want to tell us all the details of how right it is. We do know that the powertrain takes Subaru's 2.0-liter boxer engine and adds in a 13.4-horsepower electric motor and continuously variable transmission. All-wheel drive will be, of course, standard, and Subaru promises the XV Crosstrek Hybrid will offer the "same utility and versatility as the gasoline model," including 8.7 inches of ground clearance. The hybrid does weigh 300 pounds more, though, which required a re-engineered chassis.
The motor can move the lifted Impreza in all-electric mode up to 25 miles an hour (distance not specified). Subaru isn't talking precise fuel economy numbers, either, just that it will be the "most fuel-efficient all-wheel-drive crossover in America" and will unsurprisingly have start-stop functionality. We do hear, though, that the hybrid will get around 10-percent better fuel economy than the standard gas-only XV Crosstrek. The most efficient version of that car, the one with the CVT, gets 25 miles per gallon in the city, 33 highway and 28 combined. Whatever this hybrid XV Crosstrek gets, we expect Subaru'll sell a million in Portlandia. For more, scroll down to watch an official video and read the press release.









