3 Votes

Boost it!

Mazda to move its production offshore

tryme submitted on 10/23/2009 Official Bell & Ross Timestamp: 1:17:51 PM

2 user comments | Category: Misc News | Source: | SOURCE: www.4wheelsnews.com

For various reasons, foremost of which is the dollar-yen exchange rate, Mazda Motor Corp.

is considering transferring more of its manufacturing base offshore. Mazda CEO Takashi Yamanouchi said that this move would better protect the company against currency swings.

Since the dollar has continued to weaken against the yen, Mazda’s fortunes in dollar-denominated markets are suffering. So far, Mazda has made no decisions. Yamanouchi hesitated to give further details, citing the “quiet period” before Mazda’s $1.1 billion public stock offering.

Read Article

Mazda to move its production offshore

About the Author

tryme

— tryme (View Profile)


User Comments

Whelan

Maybe when they do that they can spend some money to give the US the AWD Mazda 3 offered in Japan.

— Whelan (View Profile)

Posted on 10/23/2009 1:58:24 PM | reply to this comment | Votes: 1   

1UAW

they cant just depend on japan playing on the yen's value against the dollar.

— 1UAW (View Profile)

Posted on 10/24/2009 1:24:56 AM | reply to this comment | Votes: 1   

Add your Comments

Images hosted in your AgentSpace can now be posted in the comments section using the following syntax (case matters): [img]IMAGE URL[/img]
Example: [img]http://agent001.myautospies.com/images/sample.jpg[/img]