Subaru posts record profit, details new platform and super-efficient engines
Sales jumped by 14 percent for the year, driven by strong demand in US.
Subaru parent Fuji Heavy Industries has announced record profit for its fiscal year ending March 31, with net income up by 73 percent to $2 billion.
Global sales were up nearly 14 percent for the year, reaching 825,000 units, driven by particularly strong growth in the US market. The company suggests its Forester and Impreza models were hot items for the year.
The automaker aims to continue strong growth through the end of the decade, remaining "not big in size" but a strong brand with high profitability and annual sales of more than 1.1 million units by 2020.
Engineers are already working on technology to help achieve the long-term vision, which centers around a new global platform that will underpin everything from the Impreza to the Outback. Vehicles will focus on maintaining a low center of gravity, with new suspension geometry and improved symmetrical all-wheel-drive.
The company is also planning to introduce a new "Blue Boxer" engine, upgrading all vehicles to direct fuel injection. A net thermal efficiency above 40 percent has been set as a goal, hinting at Atkinson-cycle technology that is also being pursued by Toyota. Cylinder deactivation and lean combustion are also expected to improve efficiency.
Although Subaru will no longer be producing the Camry at its Indiana plant, the companies appear to be continuing their collaborative relationship with a focus on environmental technology areas, including vehicle electrification.