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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.

Yes, the Mazda BT-50 pickup is real. No, you can't get one.

Mazda exited America's pickup segment when it deep-sixed the Ford Ranger-based B-Series after the 2009 model year, but it remains committed to the body style overseas. The third-generation BT-50 introduced online wears an unusually stylish design for a global truck, while its interior looks and feels more car-like than before. The BT-50 is based on the Isuzu D-Max, but the familiar shield-shaped grille hides the common DNA well. Horizontal slats and a thick chrome frame create a visual link between the pickup and members of Mazda's line of sedans and crossovers, while stylists gave the rear end more utilitarian-looking lines characterized by vertical lights. The variant depicted in Mazda's images is an upmarket trim built for users who need a rugged daily driver, and more basic versions that feel at home on a construction site will ship will inevitably look a lot cheaper. It measures 208 inches long, 74 inches wide, and 70 inches tall when buyers select the double-cab model and order four-wheel drive. These figures give it a footprint almost identical to the four-door Ranger's. Inside, the BT-50 shares some parts with the D-Max, including its 9.0-inch touchscreen and its HVAC controls. Motorists in global markets are increasingly using pickups as daily drivers, so Mazda chased this trend by adding more technology and safety features to the BT-50. Those willing to climb the trim hierarchy are rewarded with conveniences like an eight-speaker stereo, digital gauges, automatic headlights, parking sensors on both ends, and dual-zone climate control, among other features. Mazda wants to peg its truck a little bit higher than Isuzu's. The only engine detailed by the firm is a 3.0-liter four-cylinder turbodiesel built by Isuzu and tuned to deliver 190 horsepower at 3,600 rpm and 332 pound-feet of torque from 1,600 to 2,600 rpm. Rear-wheel drive and a six-speed manual transmission come standard, and motorists can pay extra for four-wheel drive, a six-speed automatic, or both. It's reasonable to assume a smaller, entry-level turbodiesel will join the range later on. With the 3.0-liter, the BT-50 can haul 2,347 pounds, and its towing capacity checks in at 7,716 pounds. That's more than enough to tow an enclosed trailer, your stripped-out Miata, an extra set of slicks, and a boxful of tools. Making your dreams of Mazda-Mazda towing come true will require moving far overseas, because the Japanese company isn't planning on returning to America's pickup segment.

2019 Subaru Forester vs compact SUV rivals: How they compare on paper

We've seen what the 2019 Subaru Forester looks like (pretty much the same). We've found out how much it's going to cost (just a bit more). And also how much bigger and more powerful it'll be (appreciably on both counts). Now it's time to see how all of that compares to its top compact SUV rivals. While you can see the same engine and dimension specs for every compact SUV here, for this comparison featuring the latest 2019 Forester info, we've decided to define "top rivals" as those that the 2018 model was most frequently cross-shopped with. That means the 2018 Honda CR-V, 2018 Toyota RAV4, 2018 Mazda CX-5 and 2018 Nissan Rogue. At the time of this writing, none of their respective manufacturers had released data for 2019 models. We also included info for the 2018 Forester as well. So, without further blather, cue the Spreadsheet-o-Matic 3000. How big are they? The 2019 Forester may look nearly identical to the compact crossover it replaces, but it's nevertheless bigger and heavier. In particular, its wheelbase has increased from being the smallest in the segment to one that's pretty much average. It's a good bet that this gain is the reason rear seat legroom has also increased. Width is also up, but the Forester actually remains the narrowest compact SUV. As for other noteworthy dimensions, the new Forester now has the most maximum cargo capacity of any compact SUV with 76.1 cubic feet. Now, it should be noted, that's without the panoramic sunroof that comes on all but the base model. With it, max capacity shrinks to 70.9 cu-ft. Two points about that. First, Subaru is the only company that calls out this difference, and all the others almost certainly are not measuring with a sunroof. Second, this gives you an idea about how much of "maximum cargo capacity" includes space up high where you're probably not storing much cargo. As such, we included the Forester's biggest number and think it fairly indicates Subaru should carry the "biggest in segment" crown. How do their engines and fuel economy compare? Here's the most important takeaway here: The new Forester is tied for the best fuel economy in the segment, but that's with standard all-wheel drive. Everything else listed above is with front-wheel drive. The 2019 model also gets a welcome injection of power, resulting in the fourth-most base horsepower in the segment (or fifth, if you consider the CR-V technically holds spots 1 and 3).