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2021 Mazda CX-30 2.5 Turbo starts at $31,000

In our review of the Mazda CX-30, we said that this crossover is so gifted dynamically, it was practically begging for more power. Mazda answered by adding a new turbo engine for 2021, and now we know how much the extra grunt is going to cost. Mazda has released pricing for the more potent CX-30, and the Turbo model opens at $31,000 (including the $1,100 destination charge), putting it above even the top-trim base-engine version. The turbocharged 2.5-liter engine makes 227 horsepower and 310 lb-ft of torque on regular gas, or 250 horses and 320 lb-ft with 93-octane (against 186 hp and 186 lb-ft for the standard 2.5-liter). Besides the extra output, the CX30 2.5 Turbo also comes standard with all-wheel drive, which is $1,400 extra on the regular CX-30. Other standard features of the CX-30 2.5 Turbo include adaptive cruise control with stop-and-go capability, blind-spot monitoring, rear cross-traffic alert, lane-departure warning, lane-keep assist, automatic high-beams, and a driver alertness monitor. Also, heated seats, a sunroof, leatherette upholstery, 18-inch wheels with a black finish, a gloss-black grille and door mirrors, roof rails, LED exterior lighting, keyless entry, rear A/C vents, and an 8.8-inch touchscreen with smartphone mirroring and a Wi-Fi hotspot. That features list is considerably longer than what you'll find in the $23,000 base model and puts the standard 2.5 Turbo somewhere between the regular CX-30's Select ($25,000) and Preferred ($27,400) trims. Only the $28,550 Premium has more kit. From there, the CX-30 2.5 Turbo can add the Premium Package for $33,400, which brings leather, navigation, a head-up display, a heated steering wheel, a power liftgate, adaptive front lighting, satellite radio, Bose 12-speaker premium audio, and shift paddles. At the top of the heap is the CX-30 2.5 Turbo with Premium Plus Package for $35,000. Its finery includes a 360-degree-view monitor, parking sensors, automatic braking for the rear cross-traffic alert, Traffic Jam Assist (semi-automated lane-centering at speeds under 40 mph), auto-dimming side mirrors, and Homelink. Even with the Premium Plus Package, the CX-30 2.5 Turbo is less expensive than the CX-5 with the same engine. To get the turbo engine in the larger CX-5, you're looking at $36,385 for the Grand Touring Reserve. The CX-30 2.5 Turbo also represents a savings over the similar-sized and similarly powerful BMW X2, which starts at $37,595 with front-wheel drive and $39,595 with AWD for 2021.

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.

Mazda builds 1 millionth MX-5

Mazda produced its 1 millionth MX-5 Miata on April 22. Known alternately as the Miata, the Mazda Roadster, or the Eunos Roadster, the MX-5 has long held the record as the best-selling open-top two-seat sports car. It topped half a million at the turn of the millennium, and hit 800,000 less than a decade ago. The MX-5 recently entered its fourth generation over 27 years, which only promises to drive that record number higher. While it's not one of the most prolific automobiles in history – Ford has made over 34 million F-Series pickups and Toyota produced over 40 million Corollas – the Miata stands as a rather notable exception among niche performance vehicles. Related Video: Mazda Produces One-Millionth Mazda MX-5 HIROSHIMA, Japan—Mazda Motor Corporation announced today that production of the Mazda MX-5 (Mazda Roadster in Japan) reached one million units on April 22, 2016. The milestone figure was achieved over 27 years, with mass-production of the MX-5 starting at Ujina Plant No. 1 in Hiroshima in April 1989. "From the first generation through to today's fourth-generation model, the reason we have been able to continue selling the MX-5 all these years is due to the strong support of fans around the world," said Masamichi Kogai, Representative Director, President and CEO. "Mazda was founded in Hiroshima 96 years ago, and as we move toward our centennial year we will continue offering customers the joy of driving with this model, which has become a symbol of our brand. Mazda aims to create a special bond with customers and become a 'one-and-only' brand they will choose again and again." As a way of expressing thanks to MX-5 fans and owners, the One-Millionth MX-5 will be displayed at fan events in Japan and around the world. The tour begins on May 3 at the Hiroshima Flower Festival where the car will participate in the Flower Parade. The MX-5 is a symbol of Mazda's car-making philosophy and tireless pursuit of driving pleasure. Since its debut in 1989, the model has consistently offered driving fun that can only be experienced in a lightweight sports car and won the admiration of people from various countries, cultures and age groups. The MX-5 is also critically acclaimed, with over 200 awards from around the globe to its name. The fourth-generation model released last year has won a string of awards, including 2015-2016 Car of the Year Japan, World Car of the Year and World Car Design of the Year 2016.