2005 Subaru Legacy Gt Limited Wagon 4-door 2.5l Turbo on 2040-cars

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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.

2018 Subaru WRX STI Type RA Drivers' Notes Review | Fun for the few

The 2018 Subaru WRX STI Type RA is a limited-edition version of the Japanese automaker's iconic rally-derived sports coupe. Only 500 units are headed to America, and, with a price tag just shy of $50,000, every single one is likely to be scooped up by true Subaru enthusiasts. The RA moniker stands for record attempt. The STI lapped the Nurburgring in fewer than seven minutes. The Type RA differs from the regular model in a few ways, most notably the lightweight and adjustable carbon-fiber rear wing. The car also uses carbon fiber on the roof to lower the center-of-gravity. Other changes include a 5-horsepower bump, 19-inch BBS wheels, Bilstein dampers and a few changes to interior and exterior trim. It doesn't transform so much as refine an already hot product. Editor-in-Chief Greg Migliore: Rock-solid chassis. Hair-trigger clutch. Tight chassis. Heavy steering. Black coffee. No need for solid foods. This was my lunch on a gray Thursday as I whipped up and down Woodward Avenue in the Subaru WRX STI Type RA. It's a riot. This thing sounds like a hooligan and most of the time behaves like one, too. I spent a lot of time in second and third gears with the revs around 5,000, just because. Need to slow things down? The brakes are spot-on, with quick bite and little pedal travel. The seats are supportive and nicely bolstered. It's a little harsh at lower speeds — something I noticed as I cruised through the verdant Cranbrook campus in metro Detroit. So yeah, I like the STI. This one, done up in RA trim, is a limited-edition model with a carbon wing and roof. It's lighter and has five more horsepower. If you love the STI and the RA (for Record Attempt) has meaning to you, sure, try to get one of these unicorns. Only 500 will be made and they are not cheap — ours is 50 grand. Otherwise, just buy a regular STI. Or if it were me, a WRX. Still, I can see the allure of this rare Subaru. Parting shot: this car also reminds me how much fun sedans are. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Senior Editor, Green, John Beltz Snyder: The Subaru STI is a riot to drive, and as a recently reformed WRX owner, it feels familiar every time I get in it. Such is the case with the Type RA, which I also had the pleasure of driving at the track at Thermal Club in California. It the real world, it's still fun. But overall, I'd not spend the extra money for the Type RA.

How new car shortages may impact your buying experience

If you want further proof that the auto industry is bouncing back, look no further than the empty lots and forecourts of your local dealership. According to a story by The Wall Street Journal, continued high demand for mainstream cars is overtaxing automakers' ability to produce enough models. Several dealers interviewed for the story are reporting two-week supplies as opposed to the typical two-month allocations.
With sales expected to hit 1.4 million units when August numbers arrive shortly and incentive spending down to its lowest amount since January, these limited supplies are pushing prices even higher. For example, according to the WSJ, the average price of a Ford Fusion is up past $26,000. Unfortunately, it's difficult for manufacturers to increase production quickly. If it invests in its facilities, as many manufacturers have done, it risks wasting cash if growth suddenly slows. At the same time, the momentum gained over the past several years could be short lived if vehicle supplies continue to dwindle. "Manufacturers are in a precarious situation," notes Karl Brauer, a senior director at Kelley Blue Book.
Low interest rates and a wealth of desirable features are also allowing customers to purchase more expensive vehicles while justifying their higher overall price tags, a situation that is compounding supply shortages. Even now, during the annual end-of-summer clearance season, deals on new vehicles are remarkably difficult to come by. According to the report, the Toyota Corolla is in a self-inflicted state of shortage, as Toyota clears out inventory in anticipation of the new 2014 generation arriving in dealers. Ford's supplies should rebound as Fusion production comes on line at its Flat Rock, Michigan factory. The Chevrolet Impala, Honda Odyssey, Civic, and Accord and Subaru Forester are also facing shortages.