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Mazda RX-3 restomod makes Leno scream, us cheer

The Mazda RX-3 Savanna was the rotary-engined version of the Mazda 808 Grand Familia. Sold in the US from 1971 to 1978, the little Japanese fastback earned a reputation as an excellent racecar, winning events all over the world. A racing connection is how a fantastic 1973 restomod example owned by Savant Young made its way to Jay Leno's Garage. Young said that when he was a boy his uncle used to street race an RX-3, and Young liked how the RX-3 sounded and the fact that a tiny import could go up against and beat big V8s of the time. Leno admitted that he has no connection to the RX-3, saying it's not the kind of car he typically likes. But he liked Young's custom update so much that when he saw the coupe sitting outside the Petersen Museum in Los Angeles, he waited for the owner to show up. Young's changes over the 15 years he's owned the car include dropping in the rotary engine and running gear from the second-generation Mazda RX-7, bridge-ported and methane injected. At 15 pounds of boost he says it's putting out about 400 horsepower. The rear end comes from a Toyota Hilux half-ton pickup, to help put all that power down in a car that weighs maybe 2,100 pounds. The color is taken from the Lamborghini palette. Disc brakes all around, 14-inchers up front, control the velocity. Nothing controls the gas mileage, said to be "maybe 12 mpg." And nothing could stop Leno from whooping it up during the driver. Check out the fun in the video above.

2019 Mazda3 pricing starts at over $20,000, 2.5-liter engine standard

Pricing for the 2019 Mazda3 hatchback and sedan has been announced, and the base price has gone up by about $3,000. The new cheapest model is a front-drive, automatic Mazda3 sedan, and it starts at $21,895. The base Mazda3 now has the 186-horsepower 2.5-liter 4-cylinder as the standard engine, whereas the old model came with a 155-horsepower 2.0-liter engine and manual transmission as standard. Compared like-to-like, a 2018 Mazda3 in a similar spec would be slightly more expensive ($22,035) than the 2019 model. Opting for the hatchback on the base trim adds an additional level of equipment, with 18-inch wheels instead of 16-inch ones, Apple CarPlay and Android Auto, dual automatic climate control, leather wrapped steering wheel and shift knob. It also gets more safety equipment including blind-spot monitoring, automatic emergency braking, radar cruise control, automatic high-beams, automatic wipers and lane-departure warning with lane-keep assist. That all adds up to a $2,600 price increase over a base sedan. These features are available on the sedan for an extra $1,600 in the form of the Select package. For all other trims, opting for the hatchback adds $1,000. Higher trim levels add features such as better sound systems, real leather, a sunroof, heads-up display and power heated seats. In addition to pricing, Mazda revealed drivetrain options for the Mazda3, and they're not great for fans of manual transmissions. The Mazda3 hatchback with front-wheel drive and Premium trim is the only manual offering, and it starts at $28,395. On the upside, at least Mazda isn't relegating manual transmissions to the stripped out versions, but on the downside, there isn't a cheap manual option for those on a budget. And of course, if you want the sedan or all-wheel drive, the six-speed automatic is your only choice. Mazda has told us that it could match a manual with all-wheel drive, but clearly it doesn't see a market for that in the U.S. But like with the addition of the turbocharged Mazda6 and CX-5, if there's demand, such a combination could become available, but keep in mind the odds will still be slim. You can see the full breakdown of trims and prices below. The 2019 Mazda3 will be available in March.

Mixed sales results, but automaker stocks rise on need for cars in Houston

DETROIT — The Big Three Detroit automakers on Friday reported better-than-expected August sales and issued optimistic outlooks for demand as residents of the Houston area replace flood-damaged cars and trucks after Hurricane Harvey, sending their stocks higher. General Motors, Ford and Fiat Chrysler posted mixed August U.S. sales, with GM up 7.5 percent and Ford and Fiat Chrysler down. Japanese automaker Toyota improved sales by nearly 7 percent, while Honda fell 2.4 percent. Still, analysts focused on the potential for Detroit automakers to cut inventories and stabilize used vehicle prices as residents of Houston, the fourth largest city in the United States, are forced to replace tens of thousands, perhaps hundreds of thousands, of vehicles after the devastation from Hurricane Harvey. Mark LaNeve, Ford's U.S. sales chief, told analysts on Friday that following Hurricane Katrina in 2005 "we saw a very dramatic snapback" in demand. That said, Ford sales fell 2.1 percent in August. It sold 209,897 vehicles in the United States, compared with 214,482 a year earlier. Sales were down 1.9 percent in the Ford division and off 5.8 percent at Lincoln. Demand was down for cars, crossovers and SUVs. It was not clear how many vehicles in the Houston area will be scrapped, LaNeve said, saying he had seen estimates ranging from 200,000 to 400,000 to 1 million. Ford's Houston dealers may have lost fewer than 5,000 vehicles in inventory, he said. Ford is the No. 1 automaker in the Houston market, with 18 percent share, according to IHS Markit. The company plans to ship used vehicles to Houston dealers and has "every indication we would have to add some production" of new vehicles to meet demand, LaNeve said. Investor concerns about inventories of unsold vehicles and falling used car prices have weighed on Detroit automakers' shares most of this year. Now, automakers can anticipate a jolt of demand from a big market that is a stronghold for Detroit brand trucks and SUVs. "It's got to be a positive for the industry," LaNeve said. Investors appeared to agree. GM shares rose as much as 3.3 percent to their highest since early March. Ford increased 2.8 percent at $11.34, and Fiat Chrysler's U.S.-traded shares were up 5.2 percent $15.91, hitting their highest in more than five years. GM reported a 7.5 percent increase in U.S. auto sales in August, helped by robust sales of crossovers across its four brands.