NEWSWORTHY
Subaru reveals annual profit halved in fiscal 2018, releases earnings early by mistake
Subaru Corp. said Friday its operating profit for the past year has halved after it suffered a string of setbacks including production delays and mounting recalls. Japan's seventh-biggest automaker released its results hours ahead of schedule after it inadvertently uploaded its financial results on its ...
Transport ministry inspects Suzuki's headquarters as part of probe into recall of 2 million vehicles
The transport ministry inspected the headquarters of Suzuki Motor Corp. on Friday as part of an investigation into improper quality inspections that has led the automaker to recall more than 2 million cars in Japan. Around a dozen ministry officials entered the building in Hamamatsu, ...
Japanese and other automakers tout SUVs at New York auto show
Automakers on Wednesday gathered at this year's New York International Auto Show where Japanese carmakers unveiled all-new sport utility vehicles amid growing demand for light trucks over passenger vehicles. Toyota Motor Corp. introduced its 2020 Highlander, a midsize family-friendly SUV that ushers in the model's ...
Nissan informs ministry it will recall 740,000 Note cars and fix problems in microbuses
Nissan Motor Co. informed the transport ministry on Thursday that it will recall a total of 745,372 Note subcompact vehicles. The affected cars were manufactured between July 2012 and February this year. According to the ministry, a front-wheel suspension spring could break because of a problem ...
Daihatsu to recall 1.9 million cars in Japan over brake problem
Daihatsu Motor Co. said Thursday it will recall about 1.92 million cars in Japan due to faults that can affect the vehicles' braking system. The recall affects 1,916,973 cars across 22 models, including the Move and Tanto minivehicles manufactured between December 2010 and September 2018. ...
Japanese classics from Toyota, Honda, Mazda and the like are now a hot bet among car collectors
When a classic red 1994 Toyota Supra sold online for $121,000 in January, it shocked not only the usual car-related Instagram junkies but also close followers of the tiny Japanese sports car. The going rate for one in good condition tends to hover around ...
Toyota and Subaru hope to launch jointly developed electric vehicle as early as 2021
Toyota Motor Corp. and Subaru Corp. have started jointly developing a new electric car, aiming to put it on the market possibly in 2021, sources said Monday. The joint production of a midsize car is an expansion of their collaboration in recent years in the ...
Subaru announces global recall of 2.3 million vehicles, its biggest yet, over faulty brake lights
Subaru Corp. is recalling around 2.3 million vehicles worldwide over a brake light problem, the automaker's biggest-ever recall, as it grapples with a series of quality-related issues following rapid expansion. Japan's sixth-largest automaker said Friday that it was recalling around 300,000 of its popular Impreza ...
Subaru tops Consumer Reports' annual auto brand rankings for first time
Automaker Subaru Corp.'s namesake brand topped U.S. magazine Consumer Reports' annual rankings, released Thursday, for the first time. "Subaru's strong predicted reliability and owner satisfaction marks drove it to the head of the pack," the magazine said. It rose from seventh in last year's rankings. Among ...
Subaru cuts fiscal 2018 earnings forecast after plant shutdown due to power-steering defect
Subaru Corp. said Thursday it had revised downward its full-year group earnings forecast for the current business year, which runs through March, amid declining production and sales, after it temporarily shut down a factory over a power-steering defect on certain models. The automaker expects group ...
Subaru death-from-overwork probe finds 3,400 staff were not paid overtime for two years
Subaru Corp. on Friday said it did not pay overtime wages over a two-year period to some 3,400 employees who underreported their hours, a revelation that surfaced in an internal probe following the 2016 suicide of an overworked employee. The automaker, known for its Legacy ...
Subaru Corp. said Tuesday it will start selling its first plug-in hybrid vehicle, the Crosstrek subcompact SUV, in the United States this year. Through the move, Subaru will accelerate its efforts to have more vehicles driven by electric motors on offer in the mainstay U.S. ...
