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Subaru profit climbs 48% on strong crossover sales in first quarter

TOKYO — 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.

2019 Subaru Forester Drivers' Notes Review | Space with a view

The Subaru Forester, launching in the 1990s, is one of the earliest crossover models, blending SUV design and capability with car-like handling and refinement. For 2019, the Forester was completely redesigned, though it might be hard to tell. The styling is conservatively updated, and the boxy, upright design people seem to like it kept as untouched as possible. One of the bigger changes is the under-the-hood offerings. The 250-horsepower turbocharged 2.0-liter flat-4 has been dropped completely. Also, the standard 2.5-liter naturally aspirated flat-4 no longer offers a manual transmission option. On the upside, power has increased from 170 horsepower to 182, and torque increases from 174 pound-feet to 176. Editor-in-Chief Greg Migliore: I spent a couple of nights in the 2019 Forester and I generally liked it. The new gen feels fresher, without overt changes. The front end looks great. All of the sharp design lines, the now-standard LED headlights and the prominent grille work together to make a statement. Subaru, Ford and plenty of others, all seem to have taken a page from Audi's playbook of using piercing headlights and a simple yet sporty silhouette. It works. The back is not as good. The last Forester looked cleaner. This one looks like a Honda CR-V knock-off. It's tough to make rear styling in a crossover great, but the Forester went in the wrong direction. Overall, though, it's a good looking machine, stem to almost stern. Inside, the visibility is outstanding. The pillars are relatively thin and the seats are mounted up rather high. You can see out of this thing in all directions. The Forester has always had a good greenhouse feel, so I'm glad that continues. Inside is more of a mixed bag. The cabin pieces and shapes are a little cheap and odd. This one, done up in almost all black with some leather, is decent, but I'd prefer a simpler aesthetic. The boxer four is fine. It works hard to build speed, but it channels mid-range power and blasts by slower moving traffic. The Forester rides better than ever, thanks in part to Subaru's new global platform. Steering is a little light in a good way, the brakes have a solid grab and in general, I like driving the Forester. I'm more of an Outback guy, but Subaru has fortified the Forester in enough ways to keep it competitive. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

Day 2: We made it to Patagonia | Subarus in South America

We made it. After Monday's layover in Buenos Aires on Tuesday afternoon, Chris McGraw and I landed in El Calafate, Argentina – right smack in the middle of Patagonia. The Andes mountains were to our west, open plains and lakes cut by glaciers to our east. McGraw and I settled inside a Subaru Outback, and with big smiles on our faces, high-fived as I said the words, "Dude... We're in f*cking Patagonia." Our official adventure starts today, where we're driving a number of Subaru crossovers on all sorts of terrain, visiting glaciers that are larger than most American cities, and taking in some of the most scenic landscape I've ever laid eyes on. Crosstreks, Foresters, and Outbacks will get us to our next destination, and we'll have a full recap of the day's activities for you tomorrow morning. Be sure to follow along with us on social media – Autoblog's Facebook, Twitter, and Instagram will provide more insights into our journey. Of course, both Chris and I will be posting individual impressions from the journey, so follow us, too (@stevenewing and @thequikdraw). In the meantime, get an idea of our epic surroundings in the video above.