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.


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      ELG
      • 1 Year Ago
      hey, that looks exactly like the CX-5 I just bought this week :)
        Shahul X
        • 1 Year Ago
        @ELG
        and the CX-5 I just bought this week as well :) ...cept the wheels.. got 2.5 touring w/nav/tech and sun/sound
        finzenchrome
        • 1 Year Ago
        @ELG
        Congratulations ELG! Welcome to the club of happy owners! (2013 CX5 AWD)
        Dave
        • 1 Year Ago
        @ELG
        I test drove one last week. I was really impressed. It felt like a sporty car and not a CUV at all.
          Shahul X
          • 1 Year Ago
          @Dave
          thats why I bought one, my Audi Q5 was nicer inside, but this drives so much better
      lazybeans
      • 1 Year Ago
      I like Mazda. I care not for a lot of other flailing auto makers but I've owned a Miata and would possibly buy another one of their vehicles in the future. This is a company that prides itself on making good cars and it shows.
        Julio Arreaga
        • 1 Year Ago
        @lazybeans
        next miata should be pretty sweet. Based on the CX-5 and new 6, the next 3 and miata will be lookers for sure.
      plarson79
      • 1 Year Ago
      I had a 2005 Mazda6 now a 2013 CX-5. Nothing short of reliable, stylish and fun to drive. Glad to see Mazda is turning the corner. I plan to zoom-zoom for years to come.
      chi-town-andy
      • 1 Year Ago
      Good for you Mazda. Now get the next 3 finalized and watch your sales volume increase too!
      Mazdafreak
      • 1 Year Ago
      This is awesome! Mazda makes such great vehicles, and puts so much soul and passion into them that it's nice to see them finally make some money off their products.
      Bamboo
      • 1 Year Ago
      My wife drives a 2011 Mazda 3 and loves it. 2.5 L option As soon as Mazda gives us a cx-5 mazdaspeed they will have even more of my money! Please do it Mazda
      carguru
      • 1 Year Ago
      i own an '11 mazda 3 and love it. mazda is like the 90s honda. fun to drive and reliable small cars.
      Hedo D
      • 1 Year Ago
      Don\'t Koreans have dirt cheap won vs. dollar just like Chinese have dirt cheap RNB against US as well? Nobody said a hoot regarding to that.
        Val
        • 1 Year Ago
        @Hedo D
        Next time mazda goes to buy raw materials, like steel and aluminum for their cars, as well as energy, we'll see what happens with their lofty profits...
      rick52259
      • 1 Year Ago
      Had a 93 Ma.MX-6,,bought with 14k, never had any problems with it.miles drove till 144k.
      icemilkcoffee
      • 1 Year Ago
      Wasn\'t reported here that the CX-5 with skyactiv diesel is selling well in Japan? (and being the first diesel car in recent memory to have done so in Japan)
      RonMcCord
      • 1 Year Ago
      If you make good cars people will buy them. The Mazda Cx5 is top of its class. The new 6 is good looking. Skyactiv is good. Man Japanese cars are expensive in Colombia the Cx5 base model costs 40,000 usa dollars. So much for living cheap in S America I spend more on food, and gas and cars then the Usa by 25% at least. My rant continues I have my eye on a new suv since I live in the Country. Options Nissan Xtrail Classic 38,000 usa dollars ( would be a round 23,000 if sold in Usa) Chevy Tracker or Trax which is 25,000 usa dollars would be around 18k if in Usa or Ford Ecosport around 27,000 Usa Dollars would be around 18k in Usa if sold there....Food 5bucs for jiffy peanut butter Usa 2 bucs
      x19x19
      • 1 Year Ago
      Good news for Mazda. Things are looking up with the very nice CK-5, 6 and up coming 3. Being a happy owner of a couple of Mazda products and their excellent driving experience, I've never understood their sale lag behind the other Japanese mainstream snoozemobiles.
        Tom
        • 1 Year Ago
        @x19x19
        Um because Mazda ain't no Honda or Toyota. Not even a Nissan.
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