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Auto blog
Subaru cuts annual profit outlook on strength of yen, typhoon impact
Wed, Nov 6 2019TOKYO — 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.
2022 New York Auto Show, and Subaru Solterra driven | Autoblog Podcast #725
Fri, Apr 15 2022In this episode of the Autoblog Podcast, Editor-in-Chief Greg Migliore is joined by Senior Editor, Green, John Beltz Snyder. This week was the return of the New York Auto Show, and it was a busy one. Our editors run down some of the reveals, including the updated Kia Telluride and Hyundai Palisade, the long-wheelbase Jeep Wagoneer and Grand Wagoneer L, refreshed Subaru Outback, the gorgeous Genesis X Speedium Coupe concept EV, the 2,200-horsepower Deus Vayanne electric hypercar, a new generation of the Kia Niro family, and the updated Nissan Leaf and Nissan Pathfinder Rock Creek. Then they discuss the news surrounding Elon Musk's offer to purchase Twitter before diving into reviews of the cars we've been driving, including the new Subaru Solterra, Subaru Forester Wilderness and our long-term BMW 330e xDrive and Hyundai Palisade. Send us your questions for the Mailbag and Spend My Money at: Podcast@Autoblog.com. Autoblog Podcast #725 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 2022 New York International Auto Show 2023 Kia Telluride revealed at NY Auto Show, adds X-Pro trim 2023 Hyundai Palisade revealed with new styling, features, trim level 2023 Jeep Wagoneer, Grand Wagoneer gain L models, Hurricane I6 power 2023 Subaru Outback gets new cladding and lights, more tech Genesis X Speedium Coupe is an electric shooting brake Deus Vayanne EV hypercar reaches for 2,200 horsepower 2023 Kia Niro Hybrid, PHEV and EV debut 2023 Nissan Leaf debuts a mild refresh 2023 Nissan Pathfinder Rock Creek gets a lift and more power Elon Musk offers to buy Twitter for $43 billion Cars we're driving 2023 Subaru Solterra 2022 Subaru Forester Wilderness Long-term 2022 BMW 330e xDrive Long-term 2021 Hyundai Palisade 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:
2019 Subaru Forester priced at $25,270
Thu, Aug 16 2018The Subaru Forester is all new for 2019, but it's not toting along a big price increase. A base 2019 Forester starts at $25,270 including destination, which is a reasonable $500 premium over the 2018 version. For that price, buyers get 17-inch steel wheels, but a $600 upcharge brings aluminum wheels and roof rails. Standard equipment includes Subaru's EyeSight driver assist technology and Starlink infotainment package, which includes Apple CarPlay and Android Auto, power windows, door locks, and side mirrors, remote keyless entry, and tire pressure monitoring. A step up to the Premium trim for $27,670 adds the automaker's off-road X-MODE with hill descent control, a panoramic power moonroof, a 10-way power driver's seat, and rear seat HVAC outlets. A WI-FI hotspot and the latest Starlink safety services are optional, as are blind spot detection with lane change assist and rear cross traffic alert, keyless access with push-button start, and a power rear gate. Sport trim is new for 2019, and it stickers at $29,770. On top of Premium, Sport adds SI-DRIVE with Intelligent and Sport Sharp modes and an upgraded Dual X-Mode system. A CVT transmission is standard across the range, but the Sport gets a 7-speed manual mode with steering wheel paddle-shifters. Limited ups the wheels to 18 inches, and gains an upgraded interior with leather seats and dual-zone automatic climate control for $31,770. Limited also includes all of the active safety technology that's optional on lower trims. At the top of the 2019 Forester range is the Touring trim. For $35,270 buyers get unique 18-inch wheels, Subaru's DriverFocus safety system that remembers the preferences of up to five drivers, perforated leather seats (powered for the driver and passenger) in Saddle Brown or Black, heated rear seats, and an eight-inch touchscreen. Expect the 2019 Subaru Forester to hit dealers sometime this fall. Related Video:























