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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.

Consumer Reports declares most and least loved cars [w/video]

Consumer Reports is crunching the numbers from its annual owner-satisfaction survey, and part of that process is finding out how attached drivers are to their cars. CR simply asks readers of models up to three years old if they would buy the same vehicle again in light of their entire ownership experience, and tallies the results. After looking at the responses for about 350,000 vehicles, it turns out that people really love a certain California-built, electrically powered luxury sedan. That's right, this year's the overall winner was the Tesla Model S with a whopping 98 percent of owners saying they would purchase another one (the Model S also won this award last year, with 99 percent satisfaction). The Chevrolet Corvette Stingray came in a close second with 95 percent of drivers hoping to park another one in their garage. A few models weren't quite so favored, though. The Nissan Versa Sedan was the least loved model among its owners; a mere 42 percent said that they would purchase another. The aging Jeep Compass didn't do much better, with just 43 percent of drivers willing to buy the softroader again. On average, about 70 percent of owners say they would buy their car again, and only four cars ranked below 50 percent in CR's findings. Check out the video above to see some of the winners and losers in a few of CR's categories. If you're a subscriber, you can check out the full list on its website. Related Gallery Consumer Reports Most Loved Cars 2014 Related Gallery Consumer Reports Least Loved Cars 2014 News Source: Consumer Reports - sub. req., Consumer Reports via YouTube Chevrolet Ford Mazda Mercedes-Benz Porsche Subaru Tesla Ownership Videos car ownership

Mazda's rotary-engine range extender could serve as an emergency generator

GENEVA — Mazda has some pretty exciting powertrain technology in the works, particularly its Skyactiv-X spark-controlled compression-ignition engine, but also the upcoming range-extended electric vehicle with a rotary engine. It offers the possibility of electric transportation with a distinctly Mazda way of getting electricity from gas when charging isn't an option. But we learned that Mazda has some other ideas for the rotary range-extender beyond transportation, and even beyond gasoline. In talking with Ichiro Hirose, Maza's managing executive officer for powertrain and vehicle development, product planning and cost innovation, we learned that the company is exploring the powertrain's potential as an emergency generator. Naturally if an engine is suitable for creating electricity in a car, it would be suitable to provide electricity to buildings or tools. Besides a rotary engine used as a standalone generator, Hirose said the company is investigating the potential for complete cars to be used as emergency generators, since they're already mobile. Gasoline wouldn't have to be the only potential fuel, either. Hirose said Mazda is looking at possibly running the engine on liquified petroleum gas, or LPG. We asked if hydrogen was also being considered, since Mazda has a history of hydrogen-powered rotary prototypes, even some that could run on hydrogen or gasoline, but Hirose said that's not being looked at right now. Related Video: