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Subaru, Mazda profits dip; both blame exchange rates

While some larger automakers took a beating on Q4 earnings, some of Japan's smaller operations managed to keep their heads just above water despite currency issues and slumping sales industry-wide. Subaru, which capped off its 11th consecutive year of U.S. sales increases, reported a 42-percent drop in operating profit in the final quarter of 2019; Mazda, which operates on an even smaller scale, saw a 76-percent drop.  Per Automotive News, both companies faced challenges apart from navigating currency exchanges.  Subaru Subaru's 2019 was marred by warranty costs stemming from repairs on high-volume models, including the Impreza and Crosstrek. Despite the drop in profit, company revenues only slid 2.3 percent. The company also says that it has managed to curtail incentive spending, largely thanks to replacement models that needed less help moving out of showrooms.  America remained a bright spot, with 2019 sales volumes increasing by nearly 3 percent over 2018. Subaru is hoping that figure will increase to 4.0 percent in 2020. Subaru's wholesale deliveries also increased in western Europe, but dropped precipitously (28 percent) in the company's home market.  Mazda The smaller Mazda faced similar challenges, but its 2019 lacked some of Subaru's more dramatic bright spots. Worldwide shipments of new vehicles dropped by 8 percent, aiding a revenue decline of 5 percent. Mazda's vehicles remained profitable on a per-unit basis, but only just.  Mazda has been undergoing aggressive cost-cutting measures, but even those were no match for reduced volumes and unattractive currency exchange rates.  Despite these challenges, both companies are keeping their earnings outlooks unchanged. The fourth quarter of 2019 represented the third quarter in both companies' fiscal years, which will end in March.  Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. 2020 Subaru WRX STI S209 | POV Drive

Subaru offers 50th-anniversary edition versions of all its cars

Subaru is celebrating its 50th year in the U.S., and like so many automakers, its doing so by rolling out some special edition models. What's a bit unique about Subaru's approach is that the anniversary editions are available on every single model in the lineup. That includes Impreza, Crosstrek, Forester, Outback, Legacy, WRX, WRX STI and BRZ. The only exception is the Ascent, which isn't yet on sale in any form. What distinguishes the 50th anniversary edition Subarus are really just cosmetic things. They're all painted in an exclusive "Heritage Blue" and accented with satin chrome trim. Naturally they have "50th Anniversary" badges, too. Inside, they're all equipped with black leather featuring embroidered "50th Anniversary" logos and contrast silver stitching. The seatbelts are also silver. These special Subarus are limited production vehicles. The company will build 1,050 each of the Impreza, Crosstrek, Forester, Outback and Legacy. The WRX, WRX STI, and BRZ will comprise 1,050 cars with 600 WRXs, 250 BRZs and 200 STIs. Every example is also the highest trim level, and models that offer more than one engine will be split such that there will be fewer of the high-horsepower versions. All of the anniversary edition cars are now on sale. View 15 Photos Related Gallery 2018 Subaru 50th Anniversary Editions View 9 Photos Image Credit: Live photos copyright 2018 Drew Phillips / Autoblog.com Chicago Auto Show Subaru Coupe Crossover Hatchback SUV Sedan 2018 Chicago Auto Show

2021 Subaru Ascent adds standard lane-centering, lane-keep assist, and adaptive headlights

The 2021 Subaru Ascent, the brand's three-row midsize SUV, adds lane-centering (which works in conjunction with the adaptive cruise control) and lane-keep assist to its standard-equipment list. Curve-adaptive headlights are newly standard on the base and Premium trims. With the additional equipment, the Ascent's starting price increases by $300. The new features join the existing EyeSight roster of active-safety features, which includes forward-collision warning with automatic emergency braking, lane-departure warning, and adaptive cruise control. Blind-spot monitoring and rear cross-traffic alert remain optional on the base trim and standard elsewhere. Prices for each trim level are as follows: Base Ascent $32,295, an increase of $300 versus 2020. Ascent Premium $34,795, an increase of $400. Ascent Limited $39,595, an increase of $200. Ascent Touring $45,445, an increase of $400. (All prices are exclusive of destination charges.) As before, the Premium offers four option packages, and the Limited offers three, effectively making for 11 different levels of equipment. All Ascents come standard with three rows of seating. The base, Premium and Limited have a second-row bench and a total seating capacity of eight. The Touring seats seven with a second-row captain's chairs, which can be optioned on the Premium and Limited. The Ascent's sole powertrain is a 260-hp 2.4-liter boxer four paired with a CVT and all-wheel drive. Fuel economy is 21/27 mpg city/highway (20/26 mpg on models with the larger, 20" wheels). The Subaru Ascent competes against the Honda Pilot, the Nissan Pathfinder, and the Toyota Highlander, among many others. Related video: