Jump to content
News
Reviews
Discussons
Activity
Create New...
Close

Mazda News: Wanted: Partner For Mazda

William Maley

By William Maley
in Mazda

 Share

Recommended Posts

William Maley Enthusiast

William Maley

Posted
Posted

William Maley

Editor/Reporter - CheersandGears.com

February 15, 2012

Mazda is hurting. The brand posted this week a net loss in 2011 of about $1.29 billion, its forth year of losses and the largest loss since 2011. There are two reasons; Mazda builds and exports more vehicles from Japan by percentage of total volume than any other automaker, which means it has been hurting the most due the Yen getting stronger. Also, with Ford reducing its stake in Mazda from 33% to less than 4% means Mazda doesn't have any deep pockets to help out.

Mazda CEO Takashi Yamanouchi said the company is "actively" seeking partners and that "every option" is being considered. Naturally, considering "every option" would include Mazda licensing their Skyactiv technology to other automakers.

Source: Automotive News (Subscription Required)


View full article

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
 Share
Go to topic listing


×
×
  • Create New...

Hey there, we noticed you're using an ad-blocker. We're a small site that is supported by ads or subscriptions. We rely on these to pay for server costs and vehicle reviews.  Please consider whitelisting us in your ad-blocker, or if you really like what you see, you can pick up one of our subscriptions for just $1.75 a month or $15 a year. It may not seem like a lot, but it goes a long way to help support real, honest content, that isn't generated by an AI bot.

See you out there.

Drew
Editor-in-Chief

I've whitelisted
Continue without support

Write what you are looking for and press enter or click the search icon to begin your search