2014 Mazda Mazda3 I Grand Touring on 2040-cars

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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.

Mazda announces mild-hybrid variant of MX-30 crossover in Japan

Mazda hinted its first series-produced electric car, the MX-30 introduced in late 2019, might not be sold in the United States. We could see it on our shores with another powertrain under its coupe-like sheetmetal, however. The company announced a mild-hybrid variant of the crossover during a press conference held in Japan. Technical details about the gasoline-electric MX-30 are hazy, but Mazda said it's powered by the same basic mild-hybrid system available in the Mazda3 and the CX-30. That means the drivetrain is built around a 2.0-liter four-cylinder engine and a small electric motor that captures the kinetic energy generated while braking. It uses this electricity to power the car's electronics, and it injects it into the driveline to deliver bursts of extra power. Fuel economy and performance figures haven't been released yet. We expect the mild-hybrid model will be quicker than the heavier electric version, and its driving range will be appreciably greater. The electric model is equipped with a relatively small, 35.5-kilowatt-hour lithium-ion battery pack that delivers a 124-mile range. Mazda explained using a smaller pack yields total CO2 emissions on par with a turbodiesel-powered Mazda3. The biggest visual difference between the two variants is an e-Skyactiv-G emblem on the hatch. Both model wear the same sporty design characterized by a steeply-raked roof line and a set of rear-hinged half doors reminiscent of the rotary-powered RX-8. It's the same story inside, where the hybrid and the EV are all but identical. Significantly, the hybrid MX-30 is expected to cost less than the electric model, which carries a base price of ˆ33,490 (about $40,000) in Germany. All told, it's better positioned than the EV to stick the landing if it's sent to the United States. Mazda hasn't yet published a list of the countries where it will sell the hybrid MX-30. Autoblog asked the company for additional details, and received word back that the company hasn't yet "made any announcements on MX-30 for the U.S. market." Related Video:     Featured Gallery 2021 Mazda MX-30 e-Skyactiv-G Green Mazda Crossover Electric Hybrid

Junkyard Gem: 1990 Mazda 929 S

In the late 1980s, Toyota, Nissan, and Honda were cleaning up in the American market with the Cressida, Maxima, and Legend, respectively. Mazda wanted some of those dollars, so the HC-series Mazda Luce was modified for the US market and sold here as the 929. It had rear-wheel drive, a powerful V6 engine, and lots of luxury features, but not many were sold. Here's a rare '90 that I spotted in a San Francisco Bay Area self-service yard. In 1990, the sporty 929S version got 190 horsepower from its DOHC 3.0-liter V6. Unfortunately for Mazda, American buyers associated the marque with sensible econoboxes and screaming rotary engines, not luxury machinery, at the time. For the 1990 model year, American-market cars were required to have either a driver's-side airbag or automatic seat belts. The 929 had the automatic belts, the less said about the better. The Luce-based 929 became the Sentia-based 929 for the 1992 model year. Meanwhile, the new luxury brands from Honda, Nissan, and Toyota were kicking the crap out of 929 sales; Mazda had planned to launch the Amati brand in the United States, but didn't have the resources to follow through. The last 929s were sold in the United States for the 1995 model year. Related Video: Featured Gallery Junked 1990 Mazda 929 S View 16 Photos Auto News Mazda