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Subaru, Mazda profits dip; both blame exchange rates

While some larger automakers took a beating on Q4 earnings, some of Japan's smaller operations managed to keep their heads just above water despite currency issues and slumping sales industry-wide. Subaru, which capped off its 11th consecutive year of U.S. sales increases, reported a 42-percent drop in operating profit in the final quarter of 2019; Mazda, which operates on an even smaller scale, saw a 76-percent drop.  Per Automotive News, both companies faced challenges apart from navigating currency exchanges.  Subaru Subaru's 2019 was marred by warranty costs stemming from repairs on high-volume models, including the Impreza and Crosstrek. Despite the drop in profit, company revenues only slid 2.3 percent. The company also says that it has managed to curtail incentive spending, largely thanks to replacement models that needed less help moving out of showrooms.  America remained a bright spot, with 2019 sales volumes increasing by nearly 3 percent over 2018. Subaru is hoping that figure will increase to 4.0 percent in 2020. Subaru's wholesale deliveries also increased in western Europe, but dropped precipitously (28 percent) in the company's home market.  Mazda The smaller Mazda faced similar challenges, but its 2019 lacked some of Subaru's more dramatic bright spots. Worldwide shipments of new vehicles dropped by 8 percent, aiding a revenue decline of 5 percent. Mazda's vehicles remained profitable on a per-unit basis, but only just.  Mazda has been undergoing aggressive cost-cutting measures, but even those were no match for reduced volumes and unattractive currency exchange rates.  Despite these challenges, both companies are keeping their earnings outlooks unchanged. The fourth quarter of 2019 represented the third quarter in both companies' fiscal years, which will end in March.  Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. 2020 Subaru WRX STI S209 | POV Drive

Mazda6 diesel to race at Rolex 24, team and drivers announced

Mazda is getting serious about showing off the Skyactiv-D turbo-diesel four-cylinder engine in the Mazda6. The automaker has just announced it will campaign three diesel Mazda6 racers in the Grand-Am GX class of the upcoming 2013 Rolex 24 at Daytona in a quest to walk away with the company's 24th class win. Mazda partnered with SpeedSource to develop the race version of the new sedan, with Japanese and American engineers lending a helping hand where needed. Meanwhile, Freedom Autosport and Visit Florida Racing/SpeedSource/Yellow Dragon Racing will helm teams of their own.
Each car will make use of a five-driver team for the 24-hour race on January 26. In the interim, you can check out the full press release below for more information as well as the full driver roster. Mazda says we can expect to see the No. 70 SpeedSource car under the lights at the 2013 Detroit Auto Show later this month, as well.

2021 Mazda3 to gain a turbocharged engine, finally, probably

Buckle up, Mazda fans. The Mazda3 turbo might really be happening, says a report from Jalopnik. Some details from Mazda’s dealership extranet system observed by Jalopnik suggest weÂ’ll see a 2021 Mazda3 turbo in both sedan and hatchback form. We donÂ’t have eyes on the documents ourselves, but the report says both the sedan and hatchback versions will be all-wheel-drive only with no option for front-wheel drive. In addition to that, it looks like the turbo models will be exclusively automatic, as theyÂ’re both only listed as “6A” in MazdaÂ’s system. Sorry to break the hearts of those who were hoping for a manual turbo. The hatchback manual with the naturally aspirated 2.5-liter from the modelÂ’s first two years appears to be sticking around for a third, in case you were worried. There is one minor mystery that's a possible glimmer of hope for someone wanting more performance, though. The report says that a “MAZDA3 HB PP TURBO” is listed in the docs. Our hearts are yearning for the PP to stand for Performance Package, but it probably stands for “Premium Package.” ThatÂ’s the name of MazdaÂ’s highest trim Mazda3 right now, and itÂ’d make sense to offer the turbo engine on the upmarket model. The last we heard on this front was from a report published over a year ago. It suggested MazdaÂ’s 2.5-liter turbocharged four-cylinder as a possible drop-in. That motor makes 250 horsepower and 310 pound-feet of torque on premium fuel and would be a big upgrade to the 186 horsepower and 186 pound-feet of torque made by the naturally aspirated 2.5-liter under the hood now. Without a manual, the obvious transmission would be MazdaÂ’s traditional six-speed automatic. ItÂ’s a solid transmission for cars like the Mazda6 and CX-5, but itÂ’s not meant for sports cars, as we recently found in the automatic Miata RF. So no, this Mazda3 turbo wonÂ’t be a Mazdaspeed. It would simply be a quicker Mazda3, and while we can still pine for a true Mazdaspeed, this will be a welcome addition to the lineup. ThereÂ’s even more ancillary news in the report, too. The docs that Jalopnik saw say weÂ’ll be getting a Mazda3 with a 2.0-liter four-cylinder in 2021. That one has to be the Skyactiv-X engine weÂ’ve been patiently waiting for. It has already launched in Europe, but was delayed in the U.S. Those 100th Anniversary Edition Mazdas get a callout, too. The Mazda3 version of that is reportedly set to be equipped with the turbo engine, making that particular model even more enticing.