2017 Mazda Cx-3 Touring on 2040-cars

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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.

Production Mazda Vision Coupe concept, GRMN Supra, new BRZ/86 coming

After writing about what's in store for the next-generation Subaru WRX, Japan's Best Car magazine is back with more spy work on what's ahead for the coming Mazda sedan, fighting-spec GRMN Toyota Supra, and next-generation Subaru BRZ/Toyota 86. All three are supposedly headed for previews at this year's Tokyo Motor Show before rolling out in 2021 and 2022. Mazda showed the Vision Coupe concept at the 2017 Tokyo show, then sneaked a mention of a rear- and all-wheel drive "Large Architecture" and two inline-six engines into a 2019 investor's report. Best Car says that concept's production version will house a 3.0-liter Skyactiv-X SPCCI inline-six with "M-Hybrid" 48-volt assistance. Output figures remain a mystery, but the mag says engineers are aiming for 345 horsepower. The real deal isn't slated for dealers until 2022, bringing what Mazda bills as a "BMW, Audi quality car at the price of Volkswagen." A further treat: Best Car says the Hiroshima automaker is laying out a two-door version on the same platform. Not even a month after 2020 Toyota Supra chief engineer Tetsuya Tada told us, "With a sports car, the promise is to offer more performance with each additional version," this report says the full-fat GRMN Supra will raise the stakes. Expected in the latter stages of 2021, the current 335-hp Supra will get an "output eventually close to 400 ps" (about 394 horsepower) from its BMW-source 3.0-liter straight-six. Along with that will come a lighter, stiffer body, and a sportier suspension tune to manage and make the most of the 60-horse increase. Best Car says the next-generation Toyota 86 / Subaru BRZ will move to a new platform, without specifying whether it would be Toyota's TNGA platform suggested by a report in April — not that there are many other options. Neither the footprint nor the body dimensions are predicted to change, and transmissions will continue to include a six-speed manual and a six-speed automatic. The new platform will hold a new engine, although it won't be the revelation many fans want. The magazine says the Subaru 2.0-liter FA20 will retire, making way for the Subaru 2.4-liter FA24. The FA24 is the same engine in the Subaru Ascent crossover, where it produces 260 hp and 277 lb-ft. There'll be no such fireworks for the sporty twins due in the first half of 2021, output reported to be "improved to 220 ps," or 217 hp — a 12-hp bump over the current figure.

eBay Find of the Day: 1990 Mazda Miata with just 27 original miles

Some cars have low mileage, and others have close to no miles at all. This 1990 Mazda Miata, currently listed on eBay Motors and located in Kingman, Arizona, falls into the latter category with only 27 miles on the odometer, according to the seller. But we have to wonder: how did one of the best-driving, most influential sports cars of the past two decades sit without being driven for 24 years? Consider it the seller's loss on this one.
The seller says he bought the car with 20 miles on it, and explains 6.9 miles were added when the car was towed home on a car dolly. It was never registered. Furthermore, the seller says the car didn't come with a set of keys, so he had to have a set made. Though the paint is clean and shiny, the Miata didn't escape minor cosmetic damage over the years, with scratches on the hood, the trunk and the factory hardtop that is included with the car. The front, right fender has a small dent as well, which can be seen in a picture. The seller says the car was stored in a building with windows, so the paint is faded a bit in some places. It's missing its antenna and the battery, and the only non-original parts on the car are the windshield wipers. The clear-title car comes with all paperwork, according to the seller, but, besides the owners manual, he didn't specify what other documentation would be included.
With bidding currently at $10,300 and the reserve not met, this Miata definitely isn't the deal of the century, and we have to question where the value is in this one. The way we see it, it's hard to justify the money if it can't be driven as-is (come on, no battery?), has questionable history, isn't rare and sat in storage for its whole existence. The "weather cracked" tires are probably just the first rubber parts on the car that need to be replaced before it can be driven, but at least the spark plugs were removed and the cylinders were filled with Marvel Mystery Oil prior to storage, which helps to prevent rust and corrosion from forming in the engine.