Subaru's outlay shows the all-wheel drive specialist is finally turning its focus to full-electric vehicles after introducing its first serious contender, the Solterra crossover, only this year.
Automaker could have sold more cars in the U.S. but inventory levels were very low, CFO Katsuyuki Mizuma said.
The automaker's motorsports division will test the car at circuits in Japan and try to set a new lap record on Germany's famed Nürburging from 2023.
Toyota notched all-time high quarterly operating profit in the April-June period, with record fiscal first-quarter results for net income, revenue and global retail sales.
Japan's top automaker believes technological breakthroughs, such as hydrogen engines, can give internal combustion a new lease on life — saving jobs as well as the environment.
A weakening yen has emerged as a windfall for the country's automakers, helping buoy results just when they need it most amid pinched production and derailed deliveries.
Japan's automakers absorbed the challenges of the fiscal year just ended. Despite worries over rising costs, they see a brighter year ahead.
Japan's automakers are stoking R&D investment to meet mounting demand for a staggering array of technologies. Toyota by far outpaces the pack.
Japanese carmaker financials show how the COVID pandemic and the chip shortage continue to challenge them — despite positive fundamentals.
A product blitz starting this year will transform Mazda's global lineup. It's going with larger and electrified vehicles that it bets will boost U.S. sales to record levels in just four years.