Archive for March, 2012

Mazda looking to shrink U.S. workforce by offering buyouts, layoffs possible

Published by Mazda Blogs on March 13th, 2012

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2013 Mazda CX-5 front end closeup

Mazda is taking the steps necessary to right its financial ship, but when a patient has this kind of issue, the cure can hurt just as much. The small, independent carmaker has been hurt by its relatively Japan-centric manufacturing base and the strength of the yen, the loss of Ford as a noteworthy stakeholder and the resulting loss of financial cushion. Mazda is expected to post a $1.2 billion loss for its 2011 financial year, which is smaller than earlier estimates but it’s still the fourth losing year in a row and the largest in a decade.

The need to act has forced Mazda North America into a five-month plan to shed a number of its 701 employees for leaner running. Select employees will be offered a buyout package, and if voluntary uptake isn’t sufficient then involuntary dismissals will occur. The timeline begins this month with lump-sum offers, followed by layoffs at the end of May if necessary, and the stretch to August will see the transition of personnel into the restructured organization.

Mazda is also issuing shares to raise $1.9 billion in order to aid its position and get production started in Mexico and Thailand. It is also aggressively seeking a partner and considering licensing its SkyActiv technology.

Mazda looking to shrink U.S. workforce by offering buyouts, layoffs possible originally appeared on Autoblog on Mon, 12 Mar 2012 11:31:00 EST. Please see our terms for use of feeds.

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Mazda CX-7 leaving the U.S. market after 2012

Published by Mazda Blogs on March 10th, 2012

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We had a feeling this was coming, but the cat’s now officially out of the bag: The Mazda CX-7 is being discontinued in the United States.

The recently launched 2013 CX-5 will effectively replace the CX-7 (as well as the Ford-sourced Tribute), meaning there won’t really be a void in Mazda’s product lineup. “CX-5 has a clearer competitive set, unlike CX-7, which was in the middle of two segments,” explains Mazda product communications specialist Beverly Braga.

Dimensionally, the CX-5 is slightly smaller than the CX-7, but actually boasts more cargo capacity and overall interior volume. With the rear seats folded, the CX-5 can hold up to 65.4 cubic feet of cargo (compared to 58.6 cubic feet in the CX-7) and has a total of 103.8 cubic feet of overall passenger space (101.7 in CX-7).

What’s more, the CX-5’s nifty new 2.0-liter Skyactiv four-cylinder engine offers substantially better fuel economy than the base 2.5-liter four of the CX-7. And while we’ll certainly miss the potency of the optional 2.3-liter turbo four of the CX-7 – a version of the mill used in the Mazdaspeed3 – we can easily do without its fuel economy ratings of 18/24 miles per gallon city/highway (or 17/21 when paired with all-wheel drive – ouch!).

This may be the end of the road for the CX-7 in the U.S., but Mazda says that sales of the crossover will still continue in other markets. The CX-7 will officially be phased out at the end of the 2012 model year.

Mazda CX-7 leaving the U.S. market after 2012 originally appeared on Autoblog on Fri, 09 Mar 2012 14:13:00 EST. Please see our terms for use of feeds.

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Notice concerning Determination of the Number of New Shares to be Issued [PDF format]

Published by Mazda Blogs on March 8th, 2012


Notice concerning Determination of Issue Price and Selling Price and Other Matters relating to Issuance of New Shares and Secondary Offering of Shares…

Published by Mazda Blogs on March 5th, 2012


Special Edition Mazda Demio 13C-V Smart Edition on Sale in Japan

Published by Mazda Blogs on March 1st, 2012


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