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Mazda's first profit in five years in sight due to weak yen

Automotive News reports Mazda is set to turn a profit for the first time in five years. The automaker is more dependent on exports from Japan than other automakers based in that country, and as a result, it has long suffered at the hands of a strong yen. But the currency has declined in value by some 16 percent over the past six months and Mazda's shares have tripled in value to their highest level since 2008. Contrast this situation to a year ago when Mazda printed 1.22 billion new shares to raise cash. The move was equivalent to 70 percent of the company's then-outstanding stock, and values tumbled to record lows as a result.
Now that the yen has fallen to a value of around 96 per dollar, Mazda operations in the US are more profitable and the company now projects it will earn around $279 million for the next fiscal year. Automotive News says a one yen change against the dollar can have a 9.1 percent impact on Mazda operating profit compared to 4.7 percent at Subaru parent Fuji Heavy Industries or 3.1 percent at Toyota. Those automakers better insulate themselves from currency fluctuations with overseas manufacturing facilities.

Xcar tries to figure out what makes the Miata so great

Over the past 25 years and 3 model generations, the Mazda MX-5 Miata has shown that you don't have to be the best to be a massive success. The little, Japanese roadster has never been the absolute peak of automotive performance, but it's precise handling, good reliability and frugal running costs have helped make it a star. Autoblog recently tried to give you the experience of driving one on video, and now Xcar Films has made its own in an attempt to show what makes this droptop an icon.
As Xcar puts it, the Miata isn't the world's best sports car, but it is the world's favorite. When they were originally designing the roadster, Mazda's engineers took everything that made British droptops from the '60s great, and junked all of the stuff that made them a terror to own. The result was a car that would start up everyday with no fuss and get drivers wherever they needed to go with a huge grin on their face.
The fourth-generation Miata is imminently on the way for its September 3 unveiling, and the very early rumors indicate that Mazda doesn't plan to rock the boat too much with the latest one. It supposedly rides on a longer wheelbase and wider track but with the weight trimmed by over 200 pounds. Check out Xcar's video for a primer on MX-5 history and why the automotive world loves this little roadster.

2018 Mazda6 gets more power, efficiency to go with updated looks

The 2018 Mazda Mazda6 will debut at the L.A. Auto Show later this month, and the company released teaser images of the exterior and interior Wednesday – both of which tell us a lot about the new car. Mazda also said the sedan will have more efficient and more powerful engines. Starting with the visuals, the car doesn't look extraordinarily different from the current model, but there are notable changes. Up front, the Mazda6 now has a deeper-set grille with a 3D mesh instead of slats. The chrome strip that wraps around the lower part of the grille extends across the width of the headlights, too. Both of these cues are pulled from the Mazda CX-5. From what we can tell in the image, it looks like most of the sheetmetal along the sides and top are roughly the same as the current model. The interior also isn't a major departure from the current car, but the changes do make it cleaner and more elegant. All of the air vents sit along one slender plane that stretches across the interior. It leaves the top of the dash uncluttered and makes the vents look like a more integrated part of the design. Below the vent strip is another line of what appears to be vinyl or leather trim, and below that are the climate controls. The updated looks are accompanied by significant mechanical upgrades. While the current model offers just one engine, a naturally aspirated 2.5-liter four-cylinder, the new car will have two options. The first is again a naturally aspirated 2.5-liter engine, but it now has cylinder deactivation, allowing it to run on just two cylinders at times. For those who prefer power to efficiency, the Mazda6 will also be available with the turbocharged 2.5-liter four-cylinder from the CX-9 crossover. In that application, it makes 250 horsepower and 310 pound-feet of torque. The full reveal of the car happens on November 29 at the L.A. Auto Show. Be sure to check back then for more photos of and details about the car. Related Video: Image Credit: Mazda LA Auto Show Mazda Sedan