Mazda Rx-7 R-1 Sport Model Twin-turbo 1993 Only 21k Miles Original Owner Stock on 2040-cars

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Takashi Yamanouchi to retire as Mazda chairman

Takashi Yamanouchi has been with Mazda for a long time. He signed on with the Japanese automaker in April 1967 - one month after graduating from Keio University - and rose through the ranks over the years. By 1996 he was named to the company's board of directors. In 2008 he was named president and CEO, an office he held until 2013, after which he handed over the day-to-day reins to Masamichi Kogai and took up the seat at the head of the board room to serve as the company's chairman. But now, after 47 years working for Mazda, Yamanouchi-san is retiring at the age of 69.
During his tenure as CEO and then as chairman, Yamanouchi was credited with growing Mazda's business despite unfavorable fluctuations in exchange rates, opening the company's first plant in Mexico, and spearheading the development of Mazda's Skyactiv technologies and Kodo design language.
In his place, current vice chairman Seita Kanai will take over as chairman. The changing of the guard will take place after the annual shareholders' meeting on June 24.

R&T chases down a burglar in the million-mile Miata

Is the answer always Mazda Miata? We discussed this in passing on the Autoblog Podcast earlier this week, and most assuredly the answer is "no." For example, the little MX-5 would be a terrible people carrier, and it'd be useless off road. You can't really tow anything of substance with it, either. Still, if push came to shove, it's satisfying to know that the diminutive roadster could eke out a career as a chase vehicle for the police.
That fact was proven when Road & Track editor Chris Cantle did something that he himself recognizes as "stupid." Upon returning home, Cantle discovered a "twenty-something" actively burgling his home. The resulting story is easily one of the more entertaining episodes to come out of the 1990 MX-5's service to the team at R&T and, we're guessing, will be one of the highlights of the Million-Mile Miata challenge.
Be sure to head over to Road & Track for a full retelling of the chase from Cantle, as well as a follow-up on the saga.

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.