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Subaru cuts annual profit outlook on strength of yen, typhoon impact

TOKYO — Subaru lowered its annual profit forecast on expectations of a stronger yen and the impact on production from a typhoon last month, driving its shares down as much as 4.5%. Japan's smallest major automaker, one fifth of which is owned by top-ranked Toyota, cut its forecast for operating profit to 220 billion yen ($2 billion) for the year ending March 2020, from a previous forecast of 260 billion yen. Subaru revised its forecast for the yen to average 107 versus the dollar over the period, from 110 previously. A stronger currency eats into profits because cars exported from Japan become more expensive and the value of earnings made overseas decreases. The United States is Subaru's biggest market, accounting for about 60% of overall sales. Typhoon Hagibis forced Subaru to halt production at its factories in Gumna, north of Tokyo, for more than a week in October due to supply chain disruptions. The stoppage, which lasted until Oct. 25, resulted in lost production of 11,000 vehicles, Chief Executive Officer Tomomi Nakamura told a briefing in Tokyo on Wednesday. Hagibis was the worst typhoon to hit Japan in decades, leaving at least 80 people dead, according to national broadcaster NHK. "We have restarted production, but we couldn't return to full capacity immediately," Nakamura said. "Some of our suppliers' factories were completely submerged." Subaru also said vehicle sales rose nearly 20% in the first half of the fiscal year compared with a year earlier, driven almost entirely by an improvement in the United States amid strong demand for the Forester SUV crossover. Subaru shares were down 1% at 3,102 yen by 0440 GMT, after touching a low of 2,995.5 yen earlier.

2020 Subaru Forester adds a rear seat reminder, new pricing announced

The 2020 Subaru Forester has officially arrived with a few changes. To start, every Forester will be equipped with Subaru’s rear seat reminder as standard, following the larger 2020 Ascent which got that update earlier this year. Subaru is on the path to get the tech in all its cars, just like many other manufacturers have been doing for awhile now. ThereÂ’s a small revision to the standard EyeSight driver assistance tech for 2020. Now, every trim of Forester will be equipped with a Lane Centering function and a new Lane Departure Prevention function as standard. Previously, the standard equipment just included lane departure warning and lane-keeping assist.  Beyond those few tech add-ons, most things remain the same. A small increase of $200 bumps the price of entry up to $25,505. The destination charge was also increased by $35 to $1,010. All five trims from before are still available, including Premium ($28,405), Sport ($30,005), Limited ($32,105) and Touring ($35,605). The biggest trim-specific price increase comes at the Limited trim level, which went up $700 compared to the 2019 Forester Limited. You can read what we thought of the 2019 Forester in our first drive review of the redesigned model here. The 2020 Forester will be hitting dealers this fall.

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