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Subaru, Mazda profits dip; both blame exchange rates
Wed, Feb 5 2020While 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
2018 Mazda6 gets more power, efficiency to go with updated looks
Wed, Nov 15 2017The 2018 Mazda Mazda6 will debut at the L.A. Auto Show later this month, and the company released teaser images of the exterior and interior Wednesday – both of which tell us a lot about the new car. Mazda also said the sedan will have more efficient and more powerful engines. Starting with the visuals, the car doesn't look extraordinarily different from the current model, but there are notable changes. Up front, the Mazda6 now has a deeper-set grille with a 3D mesh instead of slats. The chrome strip that wraps around the lower part of the grille extends across the width of the headlights, too. Both of these cues are pulled from the Mazda CX-5. From what we can tell in the image, it looks like most of the sheetmetal along the sides and top are roughly the same as the current model. The interior also isn't a major departure from the current car, but the changes do make it cleaner and more elegant. All of the air vents sit along one slender plane that stretches across the interior. It leaves the top of the dash uncluttered and makes the vents look like a more integrated part of the design. Below the vent strip is another line of what appears to be vinyl or leather trim, and below that are the climate controls. The updated looks are accompanied by significant mechanical upgrades. While the current model offers just one engine, a naturally aspirated 2.5-liter four-cylinder, the new car will have two options. The first is again a naturally aspirated 2.5-liter engine, but it now has cylinder deactivation, allowing it to run on just two cylinders at times. For those who prefer power to efficiency, the Mazda6 will also be available with the turbocharged 2.5-liter four-cylinder from the CX-9 crossover. In that application, it makes 250 horsepower and 310 pound-feet of torque. The full reveal of the car happens on November 29 at the L.A. Auto Show. Be sure to check back then for more photos of and details about the car. Related Video: Image Credit: Mazda LA Auto Show Mazda Sedan
Recharge Wrap-up: Mazda, Subaru and Toyota PHEV, Nomadic Power grant
Sat, Jun 20 2015The next generation of the Toyota Prius Plug-in Hybrid looks to be important for Mazda and Subaru as well. Toyota will likely need to sell more of the new plug-in hybrid to meet stricter ZEV standards in California. That means it will get more extra electric range, as customers have been asking for. Subaru and Mazda will also have to adhere to the California standards beginning in 2018. Those two smaller automakers will likely license a plug-in hybrid powertrain from Toyota in order to fulfill compliance. Read more at Green Car Reports. Tesla is partnering with Dalhousie University to improve battery technology. Tesla signed a five-year research agreement with Dalhousie's Jeff Dahn, a lithium-ion battery researcher. Dahn and the 25 researchers in his lab will work with Tesla's Director of Battery Technology, Kurt Kelty, to increase capacity through improved materials. The collaboration could be important both for Tesla's automotive and stationary batteries. "Our research group's goal is to increase the energy density and lifetime of Li-ion batteries, so we can drive down costs in automotive and grid energy storage applications," says Dahn. Read more from Dalhousie University. Nomadic Power is receiving a European Commission grant worth ˆ2 million (about $2.26 million) for trailer-mounted mobile batteries. Nomadic Power's mobile batteries, called Nomads, have incorporated photovoltaic systems and can be used to extend the electric driving range of a plug-in vehicle, or to provide backup power to a home. The Nomads use an intelligent energy management system to learn and predict user behavior and manage the solar system based on weather forecasts. "We see a strong future in electric-powered mobility and an increasing use of renewable energy, photovoltaic power in particular," says Nomadic Power CEO Dr. Manfred Baumgaertner. "Our mobile batteries have great potential in these markets that recently got a significant shot in the arm by Tesla's announcements." Read more from Nomadic Power, and at Green Car Congress. Related Gallery 2012 Toyota Prius Plug-In: First Drive View 24 Photos News Source: Green Car Reports, Dalhousie University, Green Car Congress, Nomadic PowerImage Credit: Nomadic Power Government/Legal Green Mazda Subaru Tesla Toyota Technology Electric recharge wrapup



























