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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.

Will Mazda show the next Miata's chassis in NY?

Mazda is being very sneaky about what it is bringing to the New York Auto Show, and it might have something to do with the next-generation MX-5 Miata. Australian website Motoring.com.au spoke to a company insider who told it that at least the chassis for the roadster would debut in Manhattan. The rumor goes that the show will act as the kickoff for the PR campaign for the new model.
We contacted Mazda USA PR Director Jeremy Barnes to find out more, and he would neither confirm nor deny the rumor. "Just because you read it on the Internet doesn't mean you should repeat it," he said to Autoblog. That's not exactly an outright, No.
Supporting evidence that the new drop top might be appearing in the Big Apple includes Mazda's plan to celebrate the model's 25th anniversary at the show. It's bringing 15 cars from the first three generations to display. "It will be absolutely worth attending the New York Auto Show if you're a Miata fan," Barnes said. That at least hints that there might be something he's not telling us. Otherwise it's a lot of sizzle without much steak.

2014 Mazda6 Skyactiv-D Wagon

This was sort of a quirky surprise drive opportunity. I've been over here in Italy for a while now, and Mazda Italia contacted me seemingly out of the blue to drive test some version of the Mazda6 with a diesel engine. Supremo. The Mazda6 is a sexy everyday beast and I have been digging their SkyActiv-D engines for a while now. Very spirited units.
My contact phones me the day of, and says he can come by with the car, and then we'll head off to some sort of special spot for dynamics testing and technical conversation. Nice deal, say I.
My guy Ernesto pulls up outside of the house and - lo and behold - it's a dang Mazda6 station wagon with the very most recent 2.2-liter SkyActiv-D motor good for 148 horsepower and healthy 280 pound-feet of torque. The wee four-banger with 14.0:1 compression ratio hauls this 3,260-pound wagon around with the best of them. A decent 0-to-60-mph time of 8.7 seconds, too.