2004 Mazda Mx-5 Miata Mazdaspeed 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

Toddler survives 60-foot fall from apartment window, lands on car

REDMOND, Wash. — A 20-month-old boy survived a six-story fall from suburban Seattle apartment window after the toddler landed on the roof of a parked car that cushioned the impact of the plunge, authorities said. The toddler "landed in a way where the car absorbed enough of the impact that he was awake and crying when paramedics arrived" Wednesday afternoon, Redmond police spokesman James Perry told the KIRO television station. The boy was in serious but stable condition at a hospital. Just before the fall, the toddler was alone in a bedroom, while his mother and two siblings were in another room, Perry said. Investigators believe the boy propped himself on the edge of a window that was cracked open, pushed through a screen and tumbled about 60 feet. The owner of the Mazda sedan that the child fell on was amazed that the boy survived. Edward Lu told KOMO-TV that the only reason the car was there was because he had decided at the last minute to ride his bike to work that day. Had the car been gone, the boy would have landed on pavement. "That's a big dent," Lu said. "I couldn't believe it."

Mazda3, CX-5 earn IIHS Top Safety Picks

Mazda technologies like SkyActiv-Body and SkyActiv-Chassis, plus ultra-high-tensile steel, six airbags, "crusable" brake and accelerator pedal assembly and collapsible steering column have helped the 2013 Mazda3 and 2014 Mazda CX-5 win Top Safety Pick laurels from the Insurance Institute for Highway Safety (IIHS). It's the second year in a row for the Mazda3.
The accolade is earned by receiving "Good" marks for frontal moderate overlap crashes, side and rear impact crashes, and tests of roof strength. Remember, the small overlap test that the IIHS commenced in August 2012 has lately tripped up some makers who have excellent safety reputations.
The Mazda3 and CX-5 join offerings like the Dodge Dart, Hyundai Elantra, Mitsubishi Outlander Sport and Subaru Forester among the 117 vehicles so far declared Top Safety Picks - which is different than the 13 named Top Safety Picks+, mind you - for this year. Have a read of the press release below for more information.