2004 Mazda Rx-8 Grand Touring 4-door 1.3l Manual 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.

Recharge Wrap-up: Mazda, Subaru and Toyota PHEV, Nomadic Power grant

The next generation of the Toyota Prius Plug-in Hybrid looks to be important for Mazda and Subaru as well. Toyota will likely need to sell more of the new plug-in hybrid to meet stricter ZEV standards in California. That means it will get more extra electric range, as customers have been asking for. Subaru and Mazda will also have to adhere to the California standards beginning in 2018. Those two smaller automakers will likely license a plug-in hybrid powertrain from Toyota in order to fulfill compliance. Read more at Green Car Reports. Tesla is partnering with Dalhousie University to improve battery technology. Tesla signed a five-year research agreement with Dalhousie's Jeff Dahn, a lithium-ion battery researcher. Dahn and the 25 researchers in his lab will work with Tesla's Director of Battery Technology, Kurt Kelty, to increase capacity through improved materials. The collaboration could be important both for Tesla's automotive and stationary batteries. "Our research group's goal is to increase the energy density and lifetime of Li-ion batteries, so we can drive down costs in automotive and grid energy storage applications," says Dahn. Read more from Dalhousie University. Nomadic Power is receiving a European Commission grant worth ˆ2 million (about $2.26 million) for trailer-mounted mobile batteries. Nomadic Power's mobile batteries, called Nomads, have incorporated photovoltaic systems and can be used to extend the electric driving range of a plug-in vehicle, or to provide backup power to a home. The Nomads use an intelligent energy management system to learn and predict user behavior and manage the solar system based on weather forecasts. "We see a strong future in electric-powered mobility and an increasing use of renewable energy, photovoltaic power in particular," says Nomadic Power CEO Dr. Manfred Baumgaertner. "Our mobile batteries have great potential in these markets that recently got a significant shot in the arm by Tesla's announcements." Read more from Nomadic Power, and at Green Car Congress. Related Gallery 2012 Toyota Prius Plug-In: First Drive View 24 Photos News Source: Green Car Reports, Dalhousie University, Green Car Congress, Nomadic PowerImage Credit: Nomadic Power Government/Legal Green Mazda Subaru Tesla Toyota Technology Electric recharge wrapup

2019 Mazda 3 recalled because the wheels could fall off while driving

Here’s a recall we had to read twice before believing. Mazda is bringing in 25,003 Mazda 3s that just rolled off the assembly line, because the wheels may fall off while driving. All the Mazda 3s are 2019 model year cars, so itÂ’s only the totally new generation Mazda 3 under the gun here. Thankfully, Mazda says there are no cases of this occurring to owners, and therefore no injuries or deaths related to the issue. As for the cause of the wheel detachment? Mazda put out a statement explaining the issue at hand.  “A manufacturing process error may result in a gap between the wheel hub bolt and hub flange during assembly. This gap causes loosening of the lug nuts though they were initially tightened to the correct specification at the plant. A rattling noise occurs prior to a wheel detachment from the vehicle,” Mazda says. ItÂ’s heartening to see Mazda did in fact tighten the lugs at the factory, but still extremely troubling to see that they can loosen all on their own. Our advice? Walk on out to your shiny, new Mazda 3 and torque those lugs to spec. If you donÂ’t have a torque wrench, then just use the wrench that came with the car to make sure theyÂ’re not loose. Those that have a new Mazda 3 should be on the lookout for a recall notice in the mail. YouÂ’ll then be able to take the car to the dealer for Mazda to fix the problem. Until then, just keep an eye on your lugs. A wheel flying off while driving at speed is always a recipe for disaster, and we sure do enjoy driving the new Mazda 3 at speed.