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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 MX-5 breeds upgraded Roadster RS in Japan

Fans of the new Mazda MX-5 Miata looking for something a little more performance-focused may be enticed by the new RS model. Unfortunately they'll have to go all the way to Japan to get it. Because Mazda will only be offering this particular version back home. The new RS version of the Mazda Roadster (as it's known in Japan) features a number of performance upgrades, although none of them specifically affect the engine or its output. The Roadster RS features Bilstein dampers and front suspension tower brace for better handling, along with bigger brakes for added stopping power, a retuned steering rack for sharper turn-in, and upgraded exhaust for a better sound. Inside it's also been treated to heated Recaro seats with Nappa leather and Alcantara trim and a nine-speaker Bose audio system. It also comes equipped with adaptive front lighting and high-beam control as well as lane-departure and blind-spot warning systems. Feeling left out yet? Don't be too disappointed, or book that ticket to Tokyo's Natita International Airport just yet. The Mazda Roadster RS only comes with the smaller 1.5-liter engine that produces 129 horsepower, which is significantly less than the 2.0L we get here at 155 hp. It does, however, come with the six-speed manual instead of the automatic. So while this may not be the most powerful version of the Miata, it may be the enthusiast favorite – at least in the JDM. Related Video:

Car Club USA: Miatas at Mazda Raceway Laguna Seca

The Mazda MX-5 Miata is a very popular car for weekend warriors looking for the thrill of automotive racing in an affordable package. These iconic, rear-wheel-drive roadsters are lauded by enthusiasts for their driving dynamics, reasonable price, and plethora of available parts. That's why the annual Miatas at Mazda Raceway Laguna Seca track event draws such a diverse cross section of drivers from allover the country. But, still, some types of drivers are more well-represented than others. "I usually am the only female signed up for the high-performance driving," said Carolyn Kulaja of Gila Monster Racing. "The car doesn't care the gender of the person driving." For Carolyn, racing Miatas is a passion that developed later in life, but she's not slowing down anytime soon. "My first racecar was car number 57, which was my age when I started racing," said Carolyn. "The 88 I decided was going to be my age when I quit racing." Young competitor Kyle Koh of Infotech Motorsports has his own reasons for racing. "Driving has changed my life in a major way," said Kyle. "It took me out of a depression." Kyle's first competitive fire was directed toward football, but after breaking his back during his sophomore year of high school, he had to find another outlet. "Kyle came to me one day and he decided that he wanted a project car," explained Kyle's father and racing partner Larry Koh. "Because the Miata community is so friendly to begin with, it becomes a big family." How will Carolyn and Kyle fare through Laguna Seca's infamous corkscrew? Find out on this episode of Car Club USA. Each Car Club USA episode features a different car club or event from across the US, where passionate owner communities gather to share automotive experiences and embark on incredible adventures. From Main Street cruises to off-road trails, catch all the latest car club activity on Autoblog.