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Mazda books first yearly profit in half-decade, NA still a drag

Automotive News reports Mazda has posted its first annual profit in five years. The company made $364.3 million in the last fiscal year, following a $1.14 billion loss the year prior. Operating profit also jumped up by $91.3 million to $572.8 million, thanks in part to a revenue increase of 8 percent to $23.42 billion.
But the news isn't all rays of sunshine. North America continues to be a problem for Mazda where the automaker posted yet another loss. The manufacturer lost $519.1 million last year, up from $427.8 million the year prior. While the launch of the CX-5 helped see US sales increase by 2 percent to 273,000 vehicles, the region as a whole bought up 372,000 units. Mazda had predicted closer to 380,000 units.
Even so, Mazda says it should have North America back in the black by next year, with the company forecasting a sales increase of 11 percent to 415,000 units in the region. That's thanks in part to a boost from the redesigned Mazda6 sedan.

Mazda recalling 190,000 CX-7s due to rusty ball joints

UPDATE: This post has been updated with additional information from Mazda. The Basics: Mazda is recalling 190,102 Mazda CX-7 crossovers built between February 14, 2006, to May 9, 2012 – model years 2007 through 2012. The Problem: Water can sneak in between the suspension ball joint fittings. If snow and road salt are common in your neck of the woods, the joints can corrode and separate from the lower control arms. That's bad if you enjoy steering your CX-7. According to Mazda, owners of affected models may notice a rattle from the front suspension due to the loose ball joint in the lower control arm fitting. Mazda describes separation of the ball joint and control arm as a "worst case" scenario "after extended operation in such condition." Injuries/Deaths: It's unknown if the rusting issue has led to any crashes, injuries, or deaths. Autoblog has a call into Mazda for additional details and will update this post with any new information. There have been no reports of accidents, injuries, or fatalities related to this recall. The Fix: Owners should report to their local Mazda service center, where techs will replace the both front lower control arms. Any work done is free of charge. If you own one: Mazda will perform some automotive triage with this recall, focusing on CX-7s that have had the longest exposure to salt and are most likely to suffer control arm separation first. Owners of 2007s and 2008s come first, followed by 2009 through 2011 models. Mazda will also focus on vehicles registered in states where snow and road salt are most common – Connecticut, Delaware, Illinois, Indiana, Iowa, Kentucky, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, Vermont, Virginia, West Virginia, Wisconsin, and Washington, D.C. If you live in a more temperate region or own a 2012 CX-7, Mazda will perform recall work as "parts are available." Owners can contact Mazda customer service at 1-800-222-5500 for additional info. Recall notices should hit the mail around October 10th. Related Video: Featured Gallery 2011 Mazda CX-7: Review View 21 Photos News Source: NHTSAImage Credit: Copyright 2016 AOL Recalls Mazda Crossover mazda cx-7

2021 Mazda CX-30 to add turbocharged power, just like the Mazda3 Turbo

Mazda is giving us all of the turbos, and we’re not going to complain. CarsDirect reports that the 2021 Mazda CX-30 will feature a turbocharged variant called the CX-30 2.5 Turbo. We have great confidence that this intel obtained via “an early order guide” is legit. The CX-30 is essentially a lifted and crossover-ized Mazda3, and Mazda announced the Turbo variant of that car a short time ago. Just like the Mazda3, CarsDirect reports this one will be equipped with MazdaÂ’s 2.5-liter turbocharged four-cylinder engine. ItÂ’ll make 250 horsepower and 320 pound-feet of torque when run on 93 octane. Use regular gas, and those numbers tick down to 227 horsepower and 310 pound-feet. The CX-30 is currently only available with the naturally aspirated 2.5-liter four-cylinder that makes 186 horsepower and 186 pound-feet of torque. The similarities between the CX-30 and Mazda3 continue. YouÂ’ll only be able to get the CX-30 Turbo with all-wheel drive. ItÂ’ll come with larger tailpipes, turbo badging and be available in a top-of-the-line Premium Plus trim, too. That trim adds a number of features that are exclusive in the Mazda3 Turbo, so we expect the same for the CX-30. ItÂ’ll also cost a good chunk of change more than the base CX-30. Prices will reportedly start at $31,000 for the CX-30 Turbo, and go all the way up to $35,000 in the highest trim level. These prices are obviously encroaching on CX-5 territory, but the cheapest CX-5 with the same turbo engine is $36,235. Just like the Mazda3 Turbo, we can guarantee the CX-30 Turbo wonÂ’t be available with a manual transmission. That means MazdaÂ’s six-speed automatic will be doing the shifting. CarsDirect claims that Mazda intends to start producing the CX-30 Turbo in November this year, so the wait to buy wonÂ’t be terribly long. Related Video: