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Toyota and Mazda's planned north Alabama auto plant will operate as a separate entity, making its own supply chain decisions.
Profits more than double at Mazda in the latest quarter, but mostly because the carmaker's slumping U.S. business was offset by huge foreign exchange rate gains.
Mazda's quarterly profit more than doubled as a weaker yen and lower costs offset falling sales in the United States, its biggest market.
Mazda is developing a gasoline-powered Skyactiv-3 engine it says will be as clean as an electric vehicle.
The innovative engine doesn't drive like a shaky science project. It feels perfectly normal, which is a breakthrough for the Mazda team.
Japan-brand sales in China are booming -- and helping them offset the slowdown in the U.S.
Even in an electrified age, Mazda's determination to build fun-to-drive vehicles won't change, said Masahiro Moro, CEO of Mazda North American Operations.
Mazda's North American chief said Skyactiv-X will be an "important base engine to add electrification" to the Mazda lineup.
With U.S. sales in decline — and who knows for how long? — is it the right time to add vehicle production capacity?
Alabama won the site search for a 4,000-employee Toyota-Mazda auto plant, and Bill Penney Toyota in Huntsville won the lottery.
The prized $1.6 billion car factory awarded to Alabama by Toyota and Mazda could be an even bigger win than expected, as the site's size leaves plenty of room for future expansions.
Toyota, Mazda said to pick Ala. for joint factory; Reuss: GM raising capacity for crew-cab pickups; Connected-car disconnect; Renault-Nissan-Mitsu to invest in startups; CES update.
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