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Toyota, Mazda partner to build EVs at new $1.6 billion U.S. plant

TOKYO — Toyota and Mazda plan to build a $1.6 billion U.S. assembly plant, the two said on Friday, as part of an alliance that will also see the Japanese automakers jointly develop electric vehicle technologies. The two will take small stakes in each other as part of the tie-up: Toyota, the world's second-largest automaker by vehicle sales last year, will take a 5 percent share of Mazda, extending its dominance in Japan's auto sector. Mazda will take a 0.25 percent share of its larger rival. The plant, something of a surprise at a time of overcapacity in the U.S. market, will be a boost to U.S. President Donald Trump, who campaigned on promises to increase manufacturing and expand employment for American autoworkers. The plant will be capable of producing 300,000 vehicles a year, with production divided between the two automakers, and employ about 4,000 people. It will start operating in 2021. The electric vehicles cooperation, meanwhile, comes as the tightening of global emissions regulations prompts more automakers to develop battery powered cars, as the industry struggles with hefty research costs and intense competition from technology companies over technology like self-driving cars. As part of the agreement, Toyota and Mazda will also work together to develop in-car information technologies and automated driving functions. Toyota, Japan's biggest auto company, has been forging alliances with smaller Japanese rivals for several years, effectively engineering a loose consolidation of the Japanese auto sector. It already owns a 16.5 percent stake in Subaru, Japan's No. 6 automaker, with which it also has a development partnership. Toyota is also courting compact car maker Suzuki to cooperate on R&D and parts supply as Toyota seeks to tap its smaller rival's expertise in emerging Asian markets. A stake in Mazda may also prevent future incursions by tech companies, one analyst said. "For a technology company which lacks the expertise in making cars, Mazda could look like a very interesting acquisition. They're very good, they're not too expensive. Maybe Toyota realizes this," CLSA managing director Chris Richter said. "By buying a 5 percent stake, Toyota takes Mazda off the table rather than having it sit out there like a free agent which could someday be used against them." COROLLA PRODUCTION SHIFT Mazda stands to gain from a deal that gives the small automaker a production foothold in the United States.

Takashi Yamanouchi to retire as Mazda chairman

Takashi Yamanouchi has been with Mazda for a long time. He signed on with the Japanese automaker in April 1967 - one month after graduating from Keio University - and rose through the ranks over the years. By 1996 he was named to the company's board of directors. In 2008 he was named president and CEO, an office he held until 2013, after which he handed over the day-to-day reins to Masamichi Kogai and took up the seat at the head of the board room to serve as the company's chairman. But now, after 47 years working for Mazda, Yamanouchi-san is retiring at the age of 69.
During his tenure as CEO and then as chairman, Yamanouchi was credited with growing Mazda's business despite unfavorable fluctuations in exchange rates, opening the company's first plant in Mexico, and spearheading the development of Mazda's Skyactiv technologies and Kodo design language.
In his place, current vice chairman Seita Kanai will take over as chairman. The changing of the guard will take place after the annual shareholders' meeting on June 24.

2019 Mazda Miata officially announced with 181 horsepower

It turns out the rumors and leaks are true. The 2019 Mazda MX-5 Miata will indeed get a slight performance increase. This fall, the car's naturally aspirated 2.0-liter inline-four will make 181 horsepower and 151 pound-feet of torque. That's a 26 horsepower and 3 pound-feet bump over the 2018 model. It may not sound like a lot on paper, but consider the fact that it's a nearly 17 percent increase in power in a car that weighs just 2,332 lbs. When the current ND generation debuted a few years back, the Miata actually took a slight hit to power. It was offset by a sizable weight loss program, but it didn't stop people from making a fuss. These days, it's not often that a newer model actually loses power compared to the outgoing car. The new car now makes roughly the same power as the old turbocharged Mazdaspeed MX-5 from 2004. Peak power for the 2019 model comes at 7,000 rpm while peak torque arrives at 4,000 rpm. That's 1,000 more and 600 fewer revs respectively. The Miata's redline is now 7,500 rpm, up from 6,800. It should make the car feel more lively through the rev range and should drop the car's 0-60 mph time back under 7 seconds. The 2019 model only weighs 7-pounds more than the outgoing model, so it's essentially a non-issue. In order to get the extra juice, Mazda engineers did some significant work to the engine's internals. Piston mass has been reduced 27 grams while the connecting rods are down 41 grams. The exhaust system and inner exhaust manifold have been modified to reduce pumping losses by 30 percent. The intake and fuel injectors have been changed, too. A new dual-mass flywheel replaces the single-mass unit. This should help better manage engine vibrations and responsiveness. Lastly, the final drive ratio has been increased from 3.454 to 3.583. Other gear ratios remain unchanged. There are other minor but welcome changes for 2019. The steering wheel now telescopes, a boon for drivers with long legs. The doors are easier to open and feature revised door stops. The cupholders and seat levers have both been updated. Finally, there are new 17-inch wheels and a new brown canvas soft top. How all these changes will affect the car remain to be seen. While many people have been clamoring for more power, some of us here at Autoblog feel the Miata may lose some of its current character with such a significant shift in power and torque. Either way, we're as excited as ever to get behind the wheel. Related Video: