Mazda seeks ¥300 billion in loans from domestic banks amid pandemic

Business May 10, 2020

Mazda seeks ¥300 billion in loans from domestic banks amid pandemic

Mazda Motor Corp. has asked for ¥300 billion ($2.8 billion) in loans from Japan's three mega-banks and other lenders, company sources said Saturday, as the coronavirus pandemic has damaged the automaker's sales and clouded the outlook for the auto industry. The virus outbreak has dragged ...

800  custom race cars displayed at event in Chiba Prefecture

Business Jan 11, 2020

800 custom race cars displayed at event in Chiba Prefecture

Automakers and auto parts manufacturers from Japan and abroad displayed some 800 custom and race cars at an auto show near Tokyo on Saturday. At the Tokyo Auto Salon 2020 in at Makuhari Messe in Chiba Prefecture, which opened to the public for a two-day ...

Slumping vehicle sales hit employment in Japan's auto sector

Business Nov 22, 2019

Slumping vehicle sales hit employment in Japan's auto sector

Slumping vehicle sales are starting to take a toll on the employment situation in the automotive industry. Since Nov. 8, Mazda Motor Corp. has stopped soliciting new workers on fixed-term contracts at its head office plants in Hiroshima Prefecture, which mainly manufacture finished vehicles, and ...