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Junkyard Gem: 1994 Subaru SVX

Before Subaru became best-known in North America for outdoorsy all-wheel-drive machinery (but after it was best-known for extreme cheapness), we got some wild-looking Subarus with strong overtones of science fiction over here. First, the wedge-shaped XT, XT Turbo, and XT6 arrived during the mid-1980s through early 1990s, with their video-game-style digital instrument panels and fighter-jet-joystick gearshifts. Starting in the 1992 model year, we saw the XT's replacement: the joyously weird SVX. The SVX cost plenty, especially when viewed against the backdrop of the super-cheap Subarus of the past, and not many were sold. Still, Coloradans love old Subarus, and I manage to find discarded SVXs here every now and then. Here's a screaming red '96, found in a self-service yard about 50 miles from Cheyenne. This was the first six-cylinder engine design put into production by Subaru and was essentially the Legacy's boxer four-banger with two extra cylinders. With 230 horsepower, the SVX was reasonably quick for its day. Unfortunately, Subaru didn't have a manual transmission that could handle the six's power, so all SVXs came with four-speed automatics. And, as it turned out, even that transmission didn't fare so well; transmission failures doom more of these cars than any other cause. You can swap in the manual out of a WRX if you have patience and money, and that's what some SVX owners have done in recent years. This one nearly reached 200,000 miles and the interior looks nice, so it was cared for during its life. Now this looks futuristic.  List price for this car started at $29,995, or about $49,800 today. The cheapest Mitsubishi 3000GT cost $30,690 in 1996, and it had just 218 horsepower and front-wheel-drive, so the cooler-looking and quicker SVX seemed like the better deal. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. In its homeland, it was known as the Alcyone SVX. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. If you jump to 5:10 in this dealer-promotional video for the SVX, you'll see the street corner in Los Angeles where the irradiated corpse of J. Frank Parnell got incinerated in the film Repo Man. Featured Gallery Junked 1994 Subaru SVX View 15 Photos Auto News Subaru Automotive History Coupe subaru svx

Subaru posts 15.7% rise in fill-year operating profit

TOKYO — Subaru on Monday posted a 15.7% rise in annual operating profit in the fiscal year that ended in March as it recovered from a raft of product recalls last year, but warned that sales of its cars would take a hit from the coronavirus outbreak. Profit rose to 210.3 billion yen ($1.96 billion) for the year just ended, from 181.7 billion yen a year earlier under international financial reporting standards. It exceeded a consensus estimate of 204.7 billion yen profit drawn from 17 analysts polled by Refinitiv. Global automakers are struggling to recover from the coronavirus, which has pummeled car sales as shelter-in-place orders in many countries clobbered car demand, while plant workers had been left unable to commute to work. Though Subaru and its rivals have begun to restart vehicle factories, anaemic demand, supply chain disruption and social distancing measures at factories are expected to limit output in the coming months. "We saw a limited impact of the coronavirus on our results for the year just ended," Chief Executive Tomomi Nakamura told a teleconference. "But although we have resumed production this month, we are only operating one shift in Japan, and the pace of U.S. output has slowed significantly ... we see many uncertainties related to the virus." As a result, the maker of the Outback and Forester SUV crossovers declined to give an earnings forecast for the current business year, while it slashed its year-end dividend for the year just ended by 61% to 28 yen per share. Some analysts believe industry-wide global auto sales could slump by a third this year and that any recovery will be slow and patchy as job losses and reduced incomes weigh on consumer spending. Subaru, which earns two-thirds of its vehicle sales from the United States, acknowledged that it may take a hit in the coming months as its biggest market struggles get the coronavirus pandemic under control. The automaker saw a 3% rise in global vehicle sales in the year to March to 1.03 million units, bouncing back from last year, when a defective steering component and measures to improve inspection tests had stopped output for two weeks at its sole assembly plant in Japan. The process to restart its U.S. plants would take time, Subaru said, and it expects to produce only around 5,000 units this month, a fraction of last year's 40,000. The virus would result in a global production hit of around 150,000 units, it added.

Autoblog Minute: Redbull Global Rallycross makes its first ever stop in Detroit

Red Bull Global Rallycross makes its first ever visit to Detroit halfway through the 2015 season. Autoblog's Chris McGraw and Eddie Sabatini report on this edition of Autoblog Minute. Show full video transcript text [00:00]It's halfway through the 2015 season as Red Bull Global Rallycross makes its first visit to Detroit, I'm Chris McGraw and this is your Autoblog Minute. For the uninitiated, Global Rallycross or GRC is mixed surface, sprint style auto racing; like World Rally Cars vehicles are heavily modified production models tuned to racing spec. We sent Autoblog's Eddie Sabatini to the track on Belle Isle for a closer look. [00:30] [EDDIE SABATINI INTERVIEW] [01:00] With multiple auto manufacturers, numerous press outlets, and scores of Michigan based race fans, Detroit proves to be a crucial stop for the GRC tour. For Autoblog, I'm Chris McGraw. Autoblog Minute is a short-form news video series reporting on all things automotive. Each segment offers a quick and clear picture of what's happening in the automotive industry from the perspective of Autoblog's expert editorial staff, auto executives, and industry professionals.