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Honda sees sales up but profit sliding 16 percent in 2017-18

TOKYO - Honda forecasts a 16 percent fall in operating profit for the current financial year as the Japanese automaker sees higher auto sales being offset by a stronger yen and research-and-development costs. Japan's No. 3 automaker said it expects an operating profit of 705 billion yen ($6.34 billion) in the current FY2018, down from 840.7 billion yen posted in the fiscal year just ended, and lower than an average estimate of 850.8 billion yen from 23 analysts polled by Thomson Reuters I/B/E/S. It sees a 14 percent slide in net profit to 530.0 billion yen this year, down from 616.5. Honda's projections are based on a forecast that the yen will average 105 yen to the U.S. dollar through next March, stronger than the 108 yen rate in the year just ended.BUT CAR SALES ARE UP At the same time, there's good news as Honda expects its global vehicle sales to edge up 1 percent to 5.08 million this year, bolstered by growth in Asian sales to 2.06 million units, beating out North America to become Honda's top market as more Chinese drivers flock to its cars. The company expects to sell 1.92 million vehicles in North America, 2.5 percent less than the year just ended as it struggles to sell sedans including the Accord, which have fallen out of fashion in the past few years. Honda has been ramping up production of SUVs to keep up with strong demand for larger models in the United States, although overall vehicle sales show signs of slowing following a boom cycle after the global financial crisis. Mazda is taking a similar strategy, announcing on Friday it would expand production of SUV crossover models at home, while equipping overseas plants to enable more flexible production of models according to market needs. Japan's No. 5 automaker forecast a 19 percent jump in operating profit for the current financial year as it expects higher sales volumes, particularly in North America, to help it recover from last year's profit slump.A CONSERVATIVE OUTLOOK Executive Vice President Seiji Kuraishi acknowledged that Honda's expected currency hit of 95 billion yen was based on a "conservative" yen forecast, adding that growing costs to create next-generation cars would also impact earnings. "Our costs are rising to develop new technologies which will be needed in the future, like automated driving functions and electric cars," he told reporters at a results briefing.

Mazda starts production of new MX-5 Miata in Japan

We often regard a new model as having arrived when its manufacturer reveals it for the first time. But you might argue that nothing is official until actual production gets underway. And that's just what's happened now with the new Mazda MX-5. The fourth-generation Miata was unveiled a few months ago, and now the first examples have begun to roll off the assembly line at Mazda's Ujina plant in Hiroshima. The first ones are set to stay in Japan, where the new roadster is being introduced initially. Deliveries are set to launch in June. After that, we can expect the new MX-5 to proliferate to markets around the world, including our own. To date Mazda has sold more than 950,000 of its little roadsters, making it the best-selling two-seat sports car in the world. It shouldn't be long, then, before the new model tips it past the million-unit mark. 2015/03/05 Mazda Starts Production of All-new Mazda MX-5 HIROSHIMA, Japan-Mazda Motor Corporation today began production of the all-new Mazda MX-5 two-seater lightweight sports car (known as Mazda Roadster in Japan) at Ujina Plant No.1 in Hiroshima. The first models produced are destined for the Japanese market. Sales of the all-new MX-5 will begin in Japan around June this year and interested buyers can make an appointment for pre-sale discussions through a dedicated website from noon on Friday, March 20. Following sales start in Japan, the MX-5 will be progressively rolled out to overseas markets. The MX-5 is an iconic model representing Mazda's vehicle engineering philosophy: the pursuit of driving pleasure. With production exceeding 950,000 units as of the end of January 2015, the MX-5 continues to hold the Guinness World Record for the world's best-selling two-seater sports car. In order to respond to ever increasing demands for safety features and environmental performance while maintaining the element of fun that has always defined the model, development of the fourth generation MX-5 was carried out under the motto "innovate in order to preserve". In addition to incorporating SKYACTIV TECHNOLOGY and KODO-Soul of Motion design, development focused on enhancing the senses and sensations through which people enjoy cars. Moving forward, Mazda will continue to enrich the lives of its customers through a variety of touch points including the production of high-quality vehicles, and become a brand that maintains a special bond with its customers. Related Video:

2020 Mazda6 Signature Driveway Test | A luxury car interior with a non-luxury price

The 2020 Mazda6 Signature is pure luxury on the inside. If one were to remove the Mazda badges and replace them with Audi’s four rings, or LexusÂ’ stylized L, customers may not even bat an eye. Alas, that is the point of MazdaÂ’s range-topping Signature trim. Mazda fancies itself a “premium” car brand at this point, and the Mazda6Â’s cabin does an excellent job of selling that theme. A luxury interior starts with excellent and original design, and then itÂ’s finished with quality materials. Anybody can throw leather, suede and wood around, but if the design itself isnÂ’t moving, the fancy materials look tacked on. Mazda has managed to ace both the design and material quality sections of its test with the Mazda6 Signature. ThereÂ’s beauty in simplicity, and the Mazda6Â’s interior exemplifies that. A wide, sweeping dashboard dominates the view from the driverÂ’s seat. An endless swath of soft-touch UltraSuede is front and center, splitting the climate controls from the vents and infotainment screen above it. Mazda says itÂ’s “adorned with a subtle gold tint,” and itÂ’s made in a similar fashion as ornate kimonos. I found myself staring at the stitching running the full length of the dashboard. ItÂ’s topped by a silver strip that extends from one side of the cabin to the other into the side air vents. Interestingly, the side air vents extend beyond the rest of the dash into the door, so they look like silver metal wings sticking out with the doors open. Above the silver strip is something Mazda calls “Sen Wood.” It looks and feels like real wood, because it is — Mazda says Sen wood is used in taiko drums and Japanese furniture.   And then thereÂ’s the lovely continued presence of physical buttons for vital controls. All of the climate control options are integrated into a classy strip just below the suede in the center of the dash. The buttons themselves are high quality, easy to find and satisfying to use in their action. Same goes for the climate control temperature knobs. They turn with precision and give a clear indication of each degree of change. The ribbed faux metal (it's extremely convincing as real metal) surround on the dials makes it feel like youÂ’re changing the climate control on a car that costs twice as much as this Mazda does. Even some luxury cars donÂ’t offer the same level of tactility and satisfaction in their controls.