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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.

2020 Mazda3 hatchback starts at $24,620, a $100 increase

Car and Driver got the scoop on some 2020 Mazda3 pricing, and anyone waiting for the new model year had better bring more money. The Mazda3 sedan goes up by $500 to $21,500. After the $920 destination charge, that's a total of $22,420. On the sedan, however, the extra dosh pays for extra equipment. Every sedan trim gets Mazda's i-Activsense driver assistance tech, meaning adaptive cruise control, automatic emergency braking, blind-spot monitoring, lane-keep assist, and lane-departure warning. The i-Activsense suite had been an option the sedan's entry-level trims. The Mazda3 sedan in Select guise, one step above the entry-level model, increases $100 to $23,620. Starting price for the front-wheel drive 2020-model-year hatchback comes in at $24,620 after destination. C/D says that's a $1,020 bump, but we believe that figure is an error. Based on the fact that Mazda's U.S. pricing rounds off to the nearest hundred and destination is $920, it seems more likely the $24,620 price includes destination. In that case, the 2020 Mazda3 hatch only goes up by $100. The five-door models don't get any more equipment, but Mazda say's there's a new finish for the wheels on the top-tier Premium trim. All other trims hold steady. The 2.5-liter four-cylinder with a square 186 horsepower and 186 pound-feet of torque remains the sole engine option, a six-speed automatic is the standard transmission on all trims, the hatchback in Premium form offering a six-speed manual option. Buyers of the entry-level sedan are stuck with front-wheel drive, while every other trim offers all-wheel drive for $1,400. The sedans should hit dealerships this month, and the hatchbacks will roll in come September.

Next Mazda CX-9 spied for first time

After plenty of rumors, we finally have our first look at the second-generation Mazda CX-9. Development of the crossover look to be very far along based on these of production bodies hidden under form-fitting camouflage. The overall aesthetic, based on what we can see here, is very much in keeping with Mazda's handsome Kodo design language. The CX-9 you see here looks pretty much like a Mazda3 scaled up about 279.3 percent, with a five-pointed grille and expressive headlights prefacing a sculpted, swooshy body. In back, there's an aggressively raked rear window that won't do any favors for cargo capacity, but makes for a handsome silhouette. And if previous Mazdas are any indication, we'd expect the CX-9 to feature a very handsome, high-quality cabin, although it's impossible to see in these images. According to our spy photographers, the new CX-9 will abide by Mazda's Skyactiv philosophy, which should make for both an entertaining an efficient three-row crossover. A 2.5-liter, turbocharged four-cylinder will be the engine of choice, replacing the antiquated V6 of the current model, and will be available with an all-wheel-drive system. While this engine is slated for the CX-9, enthusiasts should take note that this first Skyactiv turbo will likely form the basis of future Mazdaspeed efforts. As previously reported, the CX-9 will make its debut this November at the 2015 Los Angeles Auto Show as a 2017 model. Should any info pop up before then, expect to see it here.