2021 Mazda Cx-5 Touring on 2040-cars

Auto blog

Mazda seeks $2.8 billion in loans to ride out pandemic

TOKYO — Mazda has sought loans totaling about 300 billion yen ($2.8 billion) from Japan's three megabanks and other lenders to ride out the coronavirus epidemic, a source with direct knowledge of the matter said on Saturday. The megabanks — Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group and Mizuho Financial Group — along with the Development Bank of Japan, Sumitomo Mitsui Trust Holdings and others are set to agree, with some already having extended the loans, the person said, declining to be identified because the information is not public. All three megabanks declined to comment on the loan request, which was reported by the Nikkei business daily earlier. Mazda did not immediately respond to a request for comment.    Mazda, like most other automakers, has reduced or halted production at factories around the world for the past few months as governments try to limit the spread of the new coronavirus.     Mazda's car sales and balance sheet had been weak even before the virus slammed the brakes on demand, with its interest-bearing debt of 650 billion yen far exceeding its cash and cash equivalents, according to the Nikkei.    Mazda is scheduled to announce its financial results for the year ended in March on Thursday. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. 2019 Mazda3 Press Conference In 15 Minutes

Mazda's new Mexican plant capacity rises to 230,000

After the turmoil of last year, 2013 is getting off to a much better start for Mazda. The company has issued a release indicating that the forthcoming plant in Salamanca, Mexico has had its production capacity raised even though it isn't scheduled to go online until March 2014. The original plans called for a 140,000-unit capacity, 90,000 of that allotted for the Mazda2 and Mazda3, the remaining 50,000 for a small car Mazda would build for Toyota that would be based on the Mazda2. The new plans call for raising that by 90,000 units to a total of 230,000 units within two years, by the end of March 2016, and it looks like it will all go toward Mazda production to satisfy growing demand for Skyactiv vehciles. The Mexican plant's opening will be the return of Mazda manufacturing to North America, after Mazda6 production was moved back to Japan last year.
More good news for the company is that it projects 10 billion yen ($114 million) in net income for the financial year that will end in March. That would be a welcome turnaround from the 100-billion-yen loss in the previous financial year, part of a series of three annual losses in a four-year span.
You'll find the press release with the factory update below.

More 2019 Mazda MX-5 Miata 30th Anniversary editions are heading to America

The 2019 Mazda MX-5 Miata 30th Anniversary edition made its debut a few months back at this year's Chicago Auto Show. The special model was limited to just 3,000 units worldwide, with just 500 heading to the U.S. Miata enthusiasts were so excited by the car that the entire allotment sold out within four hours. To help satisfy demand for this limited edition model, Mazda is allocating another 143 cars for the American market, bringing the total number of cars heading to the U.S. to 643. Note, Mazda is still only building 3,000 cars total. The 30th Anniversary Miata is available as both a roadster and the retractable hardtop Miata RF. All of them will be painted Racing Orange and will be fitted with RAYS ZE40 17-inch forged alloy wheels, orange Brembo brake calipers and Recaro seats. The cars also come with a Bose audio system, Apple CarPlay and Android Auto. The cars still retain the 2019 Miata's updated 2.0-liter inline-four making 181 horsepower and 151 pound-feet of torque. Cars equipped with the manual transmission get a limited-slip differential, Bilstein shocks and a front shock tower brace. This special edition isn't cheap. The manual soft top starts at $35,915, and the manual RF starts at $38,515. Adding an automatic ups the price by $499 on the soft top and $400 on the RF. That's up from $27,080 for a base roadster and $32,945 for a base Miata RF.