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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

2019 Subaru STI S209 Drivers' Notes | An old-school sports sedan unites two of our editors

The 2019 Subaru STI S209 is peak Subaru for America. It’s the most powerful and most expensive vehicle with the Subaru badge on it, and there will only ever be 209 of them sold. ItÂ’s put together in STIÂ’s small shop in Kiryu, Japan, where workers build approximately 2-3 cars per day.  SubaruÂ’s long-used 2.5-liter EJ25 turbocharged flat-four is back for another round, but itÂ’s been modified to make more power than a regular WRX STI. The redesigned intake, larger HKS turbocharger and better-flowing exhaust system ramp output up to 341 horsepower and 330 pound-feet of torque, gains of 31 and 40 respectively over a regular STI. It can hit 60 mph in 4.9 seconds and tops out at 162 mph. A huge number of changes were made to the suspension, steering, aero and brakes to make the S209 drive better and produce quicker lap times on track. You can read a full deep dive into all of the intricate changes in our First Drive story here. A couple of Autoblog staffers, News Editor Joel Stocksdale and Senior Producer Chris McGraw, happened to spend some time in S209s in their respective portions of the country. Check out their thoughts in the discussion below. Chris McGraw: So how was the 2019 Subaru STI S209? Joel Stocksdale: When the S209 showed up, I was excited to drive such a special car, but I was also unsure I would like it. It's massively expensive, and I already had mixed feelings about STIs to begin with. They have an ornery, old-school nature that has frustrated me before, especially the slow-spooling engines. But man, I'm in love with this thing.  CM: That's interesting to hear. For those who don't know, you and I rarely see eye to eye when it comes to cars, so I was eager to hear your thoughts on the S209. I drove this back in early November, and it had been awhile since I had driven an STI in general. The frustrating, ornery, old school nature is something I love about the STI, and I adored driving it from the start, especially in the mountains. Though I wish it had been on winter tires for the cold weather at the time.  JS: That's totally understandable. The summer tires on this thing are not happy with snow and cold. But thankfully it's been dry and warm enough here that they're still good. And that's one of the things I love about this car. Between the tires and the all-wheel drive, it has astounding grip. Turn the wheel, put the hammer down, and let it claw you around corners.

Volvo's EX30 woes, Rivian's big deal and the return of 'Crazy Taxi' | Autoblog Podcast #839

In this episode of the Autoblog Podcast, Editor-in-Chief Greg Migliore is joined by Associate Editor Byron Hurd for a tight episode sure to make your holiday travel that much more vehicularly simulating. They start off with some updates on their recent drives. Greg has been in the 2024 Range Rover Velar and the 2024 Mercedes-Benz EQE SUV. Meanwhile, Byron just got the long-term 2023 Subaru WRX back from the shop with a pile of STI accessories installed — including a boomy new exhaust system! After that, it's on to news. The big items this week are the latest from Rivian, Volvo's EX30 launch drama and the return of an old-school automotive video game franchise: Crazy Taxi! After that, it's time to spend your money — with a twist! Autoblog Podcast #839   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 News Volvo's European EX30 launch plagued by software issues, refunds Rivian's big deal Crazy Taxi returns! What we're driving Mercedes-Benz EQE SUV Range Rover Velar Long-term 2023 Subaru WRX 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: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Podcasts Toys/Games Land Rover Mercedes-Benz Subaru Volvo SUV Hybrid Luxury Rivian