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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.

Mazda Miata getting i-ELOOP regenerative 'braking' in more markets

The Mazda MX-5 Miata is getting the company's i-ELOOP regenerative "braking" system in more overseas markets. A few months ago, the company announced it for the Japanese market, and this week it announced the U.K. will have the feature, too. This has us curious as to whether it will be offered on U.S. market Miatas. We've reached out to Mazda, and we'll update this story if and when we hear back. As a quick refresher, i-ELOOP is a system that was introduced here on the Mazda6 several years ago, and it adds a capacitor to store electricity generated by the alternator during deceleration (hence our earlier use of quotes around "braking") that can be used to run interior accessories such as the sound system and climate control. Then, with power coming from the capacitor, the alternator can be disengaged, improving the efficiency of the engine by reducing drag. And by using a capacitor rather than a battery, the system is more compact, lighter and able to recharge faster than a similarly capacious conventional battery. As for effectiveness, the Mazda6 with i-ELOOP managed to get about 5% more miles per gallon on the highway than one without, going from 38 mpg to 40 mpg. While not a massive improvement, it was a measurable, possibly noticeable one. Applying a similar gain to a Miata would increase fuel economy from 35 to nearly 36.75 mpg on the highway, based on the automatic-equipped car's numbers. The manual would go from 34 to nearly 35.7. The i-ELOOP system is standard on all new Miatas in the U.K., which includes the 1.5-liter and 2.0-liter engines with either the manual transmission or automatic. Strangely, only automatic-equipped cars get it in Japan. This means Mazda could offer it on both transmission options in the U.S. Probably the key consideration will be cost. The system, when it launched in the U.S., was only available on the most expensive Mazda6, and even then it was an extra-cost option. And looking at pricing for the U.K. Miata soft-top and comparing equivalent trim levels, the price has increased between GBP2,800 and GBP4,100. The new model does get some new standard safety features, too, but we expect the i-ELOOP system is a significant contributor. If it is offered in the U.S., it might only be available as an option, and possibly only on the more expensive trim levels to keep lower trims more affordable. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

Mazda2 nets Japan Car of the Year, Cherokee first US model to ever crack top 10

The 2015 Mazda2 is quite high up on our must-drive list. Yes, the teeny, tiny successor to the 100-horsepower five-door is worth getting excited over, largely because the previous generation was one of the absolute best smiles-per-dollar values on the market.
While we eagerly await for our opportunity to take to the 2's helm, our expectations of the new car have just been heightened thanks to its win in Japan's Car of the Year competition. Called "Demio" in the land of the rising sun, Japanese journalists handed out Mazda's second COTY award since the CX-5 took the title in 2012.
In more surprising news, the new Jeep Cherokee has made the list of 10 Best Cars in Japan. The Jeep's triumph marks the first time an American car has cracked the top ten, finishing eighth. It's not, however, the first Fiat Chrysler vehicle to snag the title, following in the footsteps of the Alfa Romeo Giulietta and Fiat Panda. Still, the fact that an American brand can make such impressive inroads into the traditionally tough-to-crack Japanese market is a seriously big deal.