Tag: SUBARU
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SUBARU CORPORATION | Production, Domestic Sales, and Export Results for August 2024
SUBARU announced its production, sales, and export results for August 2024. Global production decreased by 4.0% year-on-year, with domestic production also declining. However, domestic sales rose by 18.8%, marking the fourth consecutive month of year-on-year growth. Exports decreased by 21.7% compared to the same month last year. Source (Published on September 27, 2024)
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SUBARU｜Announcement of Share Repurchase Results, Completion, and Number of Shares to Be Canceled
September 17, 2024 SUBARU Corporation announced the completion of its share repurchase program, which was approved at the Board of Directors meeting on May 13, 2024. By September 13, 2024, SUBARU had repurchased 20,844,100 shares at a total value of approximately 59.9 billion yen. The number of shares to be canceled has been confirmed, and…
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SUBARU｜Crosstrek Minor Update, Enhancing the Award-Winning Model’s Performance
September 13, 2024 13:00 On September 13, 2024, SUBARU announced a minor update to the Crosstrek model. The update improves the usability of the infotainment system and adds connected service features. Additionally, interior quality has been enhanced, and a new body color, “Daybreak Blue Pearl,” has been added. The third-generation Crosstrek excels in safety, versatility,…
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SUBARU｜Impreza Minor Update, Special Edition “ST Smart Edition” Announced
September 13, 2024 13:00 On September 13, 2024, SUBARU announced a minor update for the Impreza. The update improves the usability of the infotainment system and adds new connected services. Additionally, a special edition “ST Smart Edition” has been introduced for the 2.0L gasoline engine model, enhancing safety features and luxury. The special edition comes…
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SUBARU｜Supply Plan for Cylindrical Lithium-Ion Batteries and New Domestic Battery Plant with Panasonic Energy
September 6, 2024 SUBARU and Panasonic Energy have announced a plan to supply cylindrical lithium-ion batteries for SUBARU’s battery EVs, which will begin production in the late 2020s. The partnership will establish a new battery factory in Oizumi, Gunma, with a planned annual production capacity of 20GWh by the end of 2030. The two companies…
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SUBARU｜Announces Updated Legacy Outback Model
September 6, 2024 SUBARU has announced an updated version of the Legacy Outback, introducing the new “Active × Black EX” variant and expanding the lineup. The special edition “Black Selection,” based on the “Limited EX,” features black accents in both the interior and exterior, such as black nappa leather seats and dark metallic 18-inch wheels.…
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SUBARU｜Notice on Status of Share Buyback
SUBARU Corporation has executed a share buyback based on the board resolution from May 13, 2024. As of August 31, 2024, the company acquired 7,851,100 shares of common stock, with a total acquisition value of approximately 21 billion yen. This brings the cumulative total to 15,047,600 shares, valued at approximately 45 billion yen. The board…
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SUBARU｜July 2024 Production, Domestic Sales, and Export Results
On August 29, 2024, Subaru Corporation announced its production, domestic sales, and export results for July 2024. Domestic production reached 61,585 units, up 0.2% year-on-year, marking the first increase in six months. Overseas production was 19,026 units, down 19.9% year-on-year, marking the first decline in four months. Total global production was 80,611 units, down 5.4%…
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SUBARU｜SUBARU Starts Testing Cooperative Autonomous Driving with Local 5G Installation at Test Course
SUBARU has introduced local 5G equipment at its test course in Bifuka, Hokkaido, to start testing cooperative autonomous driving. The experiment leverages high-speed, reliable communication to perform tasks like vehicle merging and remote control of autonomous vehicles. The local 5G setup, utilizing NOKIA’s system, is the first of its kind for a domestic automaker. SUBARU…
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Subaru Corporation｜Summary of Consolidated Financial Results for Q1 FY2025
The consolidated revenue for Q1 FY2025 increased by 0.9% year-on-year to 1.092 trillion yen due to foreign exchange gains. Despite a decrease in domestic production affecting global sales volume, which fell by 10.2% year-on-year to 212,000 units, operating profit increased by 7.9% year-on-year to 91.1 billion yen, and net income attributable to owners of the…