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Mazda braces for record annual operating loss as car sales slump

TOKYO — Mazda Motor Corp forecast a record annual operating loss on Friday as the Japanese automaker continues to be pummeled by falling vehicle sales due to the COVID-19 pandemic. Japan's No. 5 automaker anticipates a 40 billion yen ($383.5 million) loss for the year to March, joining a growing number of automakers, including Ford and Nissan, which expect annual losses after the virus shuttered vehicle plants and kept customers away from car dealerships. Even before the coronavirus outbreak, the maker of the CX-5 SUV crossover and the Mazda3 sedan had been suffering from sliding profits for the past two years as slim new vehicle offerings has knocked sales in the United States and China, its two biggest markets. In the year to March, Mazda anticipates an 8% fall in global vehicle sales to 1.3 million units, its lowest in seven years, which will likely result in an operating loss. The automaker said it would forgo paying a dividend this year. Ahead of Friday's announcement, the company's shares fell 7%, as the consensus forecast in a Refinitiv poll of 19 analysts was for a 46 billion yen annual loss. Mazda posted an operating loss of 45.3 billion yen for the first quarter, its weakest in 11 years, due to a 31% drop in vehicle sales between April and June. In the April-June quarter, sales fell to 244,000 units, largely due to a drop in demand at home and in Europe. Sales in North America, Mazda's biggest market, fell 19% in the same period. But China was a bright spot, as sales rose 13% during the quarter as car demand has returned to the world's largest auto market, having recovered relatively quickly from the virus.

VW Q3 Financial Woes, 2015 Tokyo Motor Show | Autoblog Minute

Consumer Reports pulls its Tesla recommendation, the U.S. Copyright Office offers a ruling affecting car owners, VW gets hit hard with third quarter losses, and lots of exciting news from Tokyo. Autoblog's Senior editor Greg Migliore reports on this Autoblog Minute Weekly Recap. Tokyo Motor Show Mazda Subaru Suzuki Tesla Toyota Concept Cars Autoblog Minute Videos Original Video Tokyo 2015

2021 Mazda CX-5 Review | What's new, safety, prices and pictures

If you're looking for a compact luxury SUV but are iffy about the higher price tags and running costs (quite understandably), the 2021 Mazda CX-5 is a perfect alternative. It all starts with its elegantly sporty styling and carries inside where its handsome design and plush materials are a clear step up from others at its price point. Then, when you're behind the wheel, the CX-5 impresses with engaging driving manners that we've routinely described as being indicative of a "budget Porsche." Its available turbocharged engine even has as much or more power as several similarly sized luxury crossovers. Now, if the CX-5 can be credibly considered an alternative to luxury vehicles, it's safe to say that it also stands tall against non-luxury choices like the popular Honda CR-V and Toyota RAV4. Certainly, its style, plush interior and driving manners count for a lot. It also gets a new infortainment system for 2021, addressing one of this Mazda's few low points. It's still smaller than those top competitors, particularly in the cargo area, so if max utility and versatility are a priority, it may not be the best choice. Fashion and function rarely go hand-in-hand, and the CX-5 is no exception. What's new for 2021? The CX-5 gets a much-needed new infotainment interface for 2021. It's the same unit found in the smaller CX-30 that dramatically improves upon Mazda's previous interface with its large 10.25-inch display, better graphics and menu structure, and revised controls on the center console. Many will still prefer a touchscreen interface, but this is no longer the potential deal breaker it once was. Another addition for 2021 is the CX-5 Carbon Edition, pictured below, which adds black trim and wheels to an exclusive Polymetal Gray exterior, as well as a red leather interior.  What's the CX-5 interior and in-car technology like? The CX-5 boasts a handsome, upscale design with materials to match, exuding a premium vibe that none of its direct competitors can match. Its top two trim levels, Grand Touring Reserve and Signature, have seats that are heated all around and ventilated up front, covered in high-quality leather with contrast French stitching. There's stitching on the dash, too, though it goes through rubbery stuff. The padded and stitched pleather on the doors and center console are a nicer touch, as is the subtle dark wood and alloy trim — especially the air vents that seem to jut out from within the dash.