Honda Cars : Struggling Mazda Looking for News Partners | 2013 New Honda Car Reviews

Honda Cars : Struggling Mazda Looking for News Partners | 2013 New Honda Car Reviews 0

Unknown | 6:45 AM
Honda Cars : Struggling Mazda Looking for News Partners | 2013 New Honda Car Reviews
Honda Cars : Struggling Mazda Looking for News Partners | 2013 New Honda Car Reviews

By Nat Shirley
Thursday, Feb 9th, 2012 @ 10:17 am
Facing what will likely be its fourth straight year of financial losses, Mazda is seeking partners to share development and manufacturing costs as the company tries to return to profitability.

Mazda CEO Takashi Yamanouchi says the company is “actively” seeking partners and is “considering every option” in an attempt to raise more capital to stave off a possible downgrade to its credit rating, Automotive News reports. Mazda has forecast a net loss of $1.29 billion for the fiscal year ending March 31, which would represent the automaker’s worst financial showing in 11 years.
Mazda’s struggles are partially attributable to the continued strength of the yen – Mazda exports a greater percentage of its vehicles from Japan than any other automaker, meaning more of its sales result in slim profit margins because of the unfriendly home currency. Another issue lies with several weak-selling products – in America, Madza’s entrants in the all-import midsize sedan and small crossover segments, the Mazda6 and Tribute/CX-7, have largely been sales disappointments.
Still, there is plenty of potential for the Zoom-Zoom automaker to return to financial health. The company is building a plant in Mexico to counter the strength of the yen, and its sales fortunes could soon improve with the launch of the new CX-5 crossover and as its fuel-efficient SkyActiv technology continues to spread throughout the model range.
A partner to help defray costs would also be an asset – Mazda has been going it alone since former partner Ford sold its shares in the Japanese automaker over the past few years.


Source;

  • 2013 Honda Car Reviews, Car Pictures and Prices, Honda New + Used Car Reviews, New Honda Cars : HONDA CRV, Honda Brio, Honda Amaze, Honda City, Honda Odyssey, Honda Accord, Honda Assure, Honda Auto Terrace, Honda Customer Jazz, honda crv, honda cr v used, honda crv reviews, honda crv price, honda cr v mpg, honda crv 2013, honda crv for sale, honda crv lease, honda crv gas mileage, honda crv accessories, honda cr v awd, honda crv awd system, honda crv air filter, honda crv all weather floor mats, honda cr v awd review
  • You're reading the article about

    Honda Cars : Struggling Mazda Looking for News Partners | 2013 New Honda Car Reviews

    You can bookmark this page with URL https://hondacarscoop.blogspot.com/2012/02/honda-cars-struggling-mazda-looking-for.html. You can copy paste if this article "Honda Cars : Struggling Mazda Looking for News Partners | 2013 New Honda Car Reviews" is useful for you or your friends, but don't forget to give the link Honda Cars : Struggling Mazda Looking for News Partners | 2013 New Honda Car Reviews as source. Thanks!

    , , , , , , ,

    0 Responses So Far:

    Honda Cars : Struggling Mazda Looking for News Partners | 2013 New Honda Car Reviews

    Please Share Your Opinion About Honda Cars : Struggling Mazda Looking for News Partners | 2013 New Honda Car Reviews