2003 Mazda 6 S V6 3.0l 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.

R&T chases down a burglar in the million-mile Miata

Is the answer always Mazda Miata? We discussed this in passing on the Autoblog Podcast earlier this week, and most assuredly the answer is "no." For example, the little MX-5 would be a terrible people carrier, and it'd be useless off road. You can't really tow anything of substance with it, either. Still, if push came to shove, it's satisfying to know that the diminutive roadster could eke out a career as a chase vehicle for the police.
That fact was proven when Road & Track editor Chris Cantle did something that he himself recognizes as "stupid." Upon returning home, Cantle discovered a "twenty-something" actively burgling his home. The resulting story is easily one of the more entertaining episodes to come out of the 1990 MX-5's service to the team at R&T and, we're guessing, will be one of the highlights of the Million-Mile Miata challenge.
Be sure to head over to Road & Track for a full retelling of the chase from Cantle, as well as a follow-up on the saga.

Toyota will build new SUV at Alabama plant it's building with Mazda

WASHINGTON — Toyota Motor Corp said Wednesday it will build a new sport utility vehicle at its $1.6 billion joint venture assembly plant in Alabama rather than produce Corolla cars. The largest Japanese automaker announced in January 2018 it would build the factory in Alabama in a joint venture with Mazda. Toyota said the shift is due to "a growing consumer appetite for light trucks and SUVs." Mazda announced in February 2019 that it would build a new SUV at the plant. Toyota said it still expects the plan to start production in 2021. Construction remains on schedule, and hiring has begun. The plant could create up to 4,000 new jobs and build 300,000 vehicles annually. Corolla production will remain at Toyota's plant in Blue Springs, Miss.