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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.

Mazda Furai concept designer talks about his car's passing

Last week, there was mourning at the Autoblog offices as word trickled in that the Mazda Furai concept - one of the coolest, best-looking showcars to grace an auto show stage since the wild and crazy 1960s -had been killed. It was killed on the track with the folks from Top Gear in attendance. We're sure the gods of driving would have wanted it to die on a circuit, but that doesn't make its fiery passing any easier to deal with.
The Furai is the rare concept car that had a lasting appeal with enthusiasts, partly because it was a real, functioning racecar, complete with a wacky three-rotor Wankel engine and cutting-edge Nagare design. Now that it's gone, though, Road & Track's Mallory McMorrow, who was an intern at Mazda Design when the Furai was being styled in 2007, has published an interview with one of the men who penned the Mazda showcar's striking exterior, Carlos Salaff. It's a great piece on the emotional connection between a designer and his creation, and one you should take the time to read. Click on over to R&T for the full story.

Aussie Mazda MX-5 Miata specs leak suggests power loss

Mazda's 2016 MX-5 Miata reveal didn't include much in the way of specifications, but the car's debut seems to have blown the lid off of the rumormill, with the latest word out of Australia including fresh claims of curb weight and engine output.
Before delving into the findings from Motoring.com, we're going to take a moment to find a few grains of salt. It's not that we don't trust the Oz publication, it's just that we wouldn't be surprised to learn their car's specifications will vary from that of our eventual North American car.
Of course, we don't expect the footprint of the new ND model to itself to differ much - it will still be the most compact Miata ever - overall length is expected to check in at just over 154 inches - that's about 1.4 inches shorter than the original NA Miata and over 4 inches shorter than today's NC generation, yet it'll ride atop a longer wheelbase and be slightly wider while sitting lower to the ground.