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Junkyard Gem: 1992 Mazda MX-3

Back in the early 1990s, American car shoppers could choose from an extravaganza of sporty-looking front-wheel-drive coupes. The Geo Storm GSi may have offered the most performance per dollar, but the early Mazda MX-3 made a lot of sense as a reasonably fun commuter car. The MX-3, based on the 323/Protege chassis (and thus a close cousin to the Ford Escort of the same era) could be purchased in the United States for the 1992 through 1996 model years, and junkyard examples have become very hard to find. Here's a '92 in a Colorado Springs yard. MX-3 buyers could get a 1.8-liter V6 with 130 horsepower in 1992, but this is the SOHC 1.6-liter four with just 88 horses. Dual-overhead-cam versions of this engine went into the Miata and most members of the 323/Escort family. With an automatic transmission, you had a sedate, sensible commuter appliance that looked fairly sharp in the business-park lot. With the DOHC 1.6-liter engine (available for the last few years of MX-3 sales here), these cars were quick. In the early days of the 24 Hours of Lemons, a team with a pair of MX-3s dominated the Southern races for several years. They didn't have much power, but reliability and predictable handling wins endurance races. Not very close to the magical 200,000-mile mark. Another in my series of Junkyard Car With Pikes Peak photographs. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Such an adventurous car. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. The small-displacement V6 was a big selling point in Japan. Related Video:

Jay Leno celebrates Mazda Miata's 25th birthday

Ask a car enthusiast what the best driver's car on the road is, and the Mazda MX-5 Miata is very likely to come up rather quickly. Unjustly saddled with a reputation as a "chick's car," the Miata has been, over its three generations, one of the finest driving instruments ever built - it's light, agile and rear-wheel drive with direct, snappy steering, an engine that revels in being revved and a precise, smooth-shifting transmission. The fact that it's ridiculously affordable and reliable is simply a bonus.
It should come as no surprise then, that a car with these traits has endured for 25 years, a milestone reached only by some of the most famous nameplates in the auto industry - Corvette, Mustang, F-150, SL, M3 and so on. To celebrate its 25th anniversary, Jay Leno spent some time with the little roadster that could, while also chatting with two of the Mazda employees that were central to the MX-5's arrival on the world's automotive scene, Bob Hall and Tom Matano.
Take a look below for the latest video from Jay Leno's Garage on the excellent Mazda MX-5 Miata.

Mazda's first-quarter profit slumps on weak sales in U.S. and China

TOKYO — Mazda reported a 79% drop in quarterly operating profit, falling significantly short of estimates, as it continues to struggle with declining U.S. and Chinese sales, while a strengthening yen also cut into its bottom line. Operating profit at JapanÂ’s No.5 automaker was 7.0 billion yen ($64 million) in the first quarter ended June, versus around 33 billion yen a year ago and less than half of an average forecast for 18.5 billion yen from analysts polled by Refinitiv. Mazda, however, reiterated its forecast for a 33% rise in operating profit to 110 billion yen in the year ending March. ThursdayÂ’s profit announcement marks MazdaÂ’s poorest first-quarter operating performance since the June 2012 quarter. The automaker has been struggling with falling demand for its cars over the past year or so, while it is also recovering from flood-related damage to its factories in Japan that led to a quarterly loss in the July quarter of 2018. The Nikkei business daily on Wednesday had reported that operating profit at the company would fall around 70% for the quarter due to lower sales in the United States. Mazda posted global sales of 353,000 units for the quarter, down 12% from a year ago. Its sales in the United States, its biggest market, fell 15% to 68,000 units, while in China, Mazda sold 54,000 vehicles, down 21% on the year. A trade war between the top two economies and slowing growth in China, the worldÂ’s biggest auto market, have prompted a broad-based sales downturn in the global auto sector. Automakers are grappling with easing demand for cars just as they must invest heavily in new technologies including electric cars, autonomous driving technologies and ride-sharing services to survive a major industry shift away from car ownership. Many of MazdaÂ’s rivals at home and abroad have been reporting disappointing quarterly results, with Nissan and Ford also announcing job cuts and possible plant closures earlier this month. The United States is a key source of revenue for Mazda, but it imports all its vehicles sold there, exposing it to a threatened hike in U.S. tariffs on imported cars from Japan. To limit its vulnerability to possible tariffs and currency fluctuations, Mazda is investing in a new plant in the U.S. state of Alabama, a joint project with Toyota.