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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.

Subaru WRX STI S209 confirmed for Detroit Auto Show

Subaru teased us a week ago with the possibility that the STI S209 might come to America, and now the automaker has confirmed its debut at the Detroit Auto Show this January. Check out the S209 grille badge in the teaser photo above. The red trim around the edge is a nice accent to go along with the "S." Unfortunately, we don't have any further details on the new variant right now, so we'll have to wait a few more weeks to see what the STI folks have been up to. We hope the S209 will offer even more performance than the limited-edition Type RA. In the past, S20(X) series models packed more power, upgraded suspension and improved aero compared to the standard WRX STI. In the U.S., the current car's EJ25 turbo flat-four engine has been making roughly the same amount of power for a long time now, but in Japan, the S208 from last year made do with a newer 2.0-liter turbocharged four-cylinder making more power than our 2.5-liter. It's hard to believe that Subaru will try and certify a new engine for U.S. use, so a further refined STI engine is probably coming our way. We'll find out what Subaru has in store for us on January 14 in Detroit. Until then, feel free to speculate to your heart's content. Related video:

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.