Posts Tagged ‘financial’

Mazda’s new Mexican plant capacity rises to 230,000

Published by Mazda Blogs on January 5th, 2013

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After the turmoil of last year, 2013 is getting off to a much better start for Mazda. The company has issued a release indicating that the forthcoming plant in Salamanca, Mexico has had its production capacity raised even though it isn’t scheduled to go online until March 2014. The original plans called for a 140,000-unit capacity, 90,000 of that allotted for the Mazda2 and Mazda3, the remaining 50,000 for a small car Mazda would build for Toyota that would be based on the Mazda2. The new plans call for raising that by 90,000 units to a total of 230,000 units within two years, by the end of March 2016, and it looks like it will all go toward Mazda production to satisfy growing demand for Skyactiv vehciles. The Mexican plant’s opening will be the return of Mazda manufacturing to North America, after Mazda6 production was moved back to Japan last year.

More good news for the company is that it projects 10 billion yen ($114 million) in net income for the financial year that will end in March. That would be a welcome turnaround from the 100-billion-yen loss in the previous financial year, part of a series of three annual losses in a four-year span.

You’ll find the press release with the factory update below.

Continue reading Mazda’s new Mexican plant capacity rises to 230,000

Mazda’s new Mexican plant capacity rises to 230,000 originally appeared on Autoblog on Sat, 05 Jan 2013 09:01:00 EST. Please see our terms for use of feeds.

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After another bad year, Mazda hunting for partners, could license Skyactiv

Published by Mazda Blogs on February 14th, 2012

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Mazda emblem

Mazda builds and exports more vehicles from Japan by percentage of total volume than any other automaker, which means it has been hit harder than most by the strength of the Japanese yen. Compounding matters further, between 2008 and 2010, Ford reduced its stake in Mazda from a controlling 33-percent share to less than four percent, meaning the automaker doesn’t have any extra-deep pockets to help bridge the financial gap until profits improve and a North American factory located in Mexico is completed.

The results of this perfect financial storm have been predictable: Mazda posted a net loss in 2011 of about $1.29 billion, marking the fourth consecutive year of red ink and the largest loss since 2001. That’s all very bad news for any automaker, but especially so for one as small and independent as Mazda. As such, it’s no surprise that Mazda CEO Takashi Yamanouchi has said that his company is “actively” seeking partners and that “every option” is being considered.

Naturally, considering “every option” includes the potential of licensing its lightweight and efficient Skyactiv fuel-saving technology to other automakers. In any case, after already losing the rotary (for now, at least) the thought of an automotive world without the MX-5 makes us shudder. Here’s hoping Mazda regains its financial footing before anything drastic happens.

After another bad year, Mazda hunting for partners, could license Skyactiv originally appeared on Autoblog on Tue, 14 Feb 2012 09:30:00 EST. Please see our terms for use of feeds.

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