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Auto blog
Mazda books first yearly profit in half-decade, NA still a drag
Tue, 30 Apr 2013Automotive 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.
A tuned 1973 Mazda RX-3 is all business on Petrolicious
Wed, Feb 17 2016People with good memories might remember Savant Young and his highly modified 1973 Mazda RX-3 from an appearance on Jay Leno's Garage last summer. Now Petrolicious spotlights him and learns more about his amazing rotary coupe. After extensive upgrades, his car packs an estimated 400 horsepower, which is especially potent with only around 2,000 pounds to move around. Young thinks his Mazda is a perfect expression of his personality as a martial artist because it offers no frills and is all about business. This coupe looks ready for a fight, too, and sounds like a swarm of angry bees going down the road. Young works hard during the week but makes time to drive the RX-3 every weekend. We can understand why. A few hours enjoying this rotary could definitely erase some stress. Get a taste of this amazing machine in Petrolicious' latest video. If you want to experience another cool rotary, the channel profiled an RX-2 racecar from Australia last month. Related Video:
Mazda reports strong Skyactiv sales, plans to boost output 25%
Tue, 27 Aug 2013Mazda is set to expand production of its Skyactiv engines after critical and commercial acclaim for the fuel-sipping powerplants. The Japanese manufacturer has a number of plans in the works to bump up production, with the first being a 25-percent increase in output from its Hiroshima, Japan engine facility.
Besides adding a new line, Mazda will modify the line that built MZR engines, a family of mills that includes the 2.3-liter, turbocharged four-cylinder found in the Mazdaspeed3 and the 2.0-liter found in the MX-5 Miata. The bump in production is just part of Mazda's goal of selling 1.7 million vehicles globally by 2016, with 80 percent of those vehicles expected to wear a Skyactiv badge.
Mazda also builds Skyactiv engines at a joint-venture facility with Ford, in Changan, China, while a Mexican facility will go online by March of 2014. Skyactiv engines currently power the Mazda3, Mazda6 and CX-5.