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.
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