Business / Corporate Jul 31, 2020
Mazda forecasts ¥90 billion net loss for full year as pandemic weakens demand
The automaker anticipates an ¥40 billion operating loss on sales of ¥2.85 trillion and has decided to ax dividends.
Business Jun 29, 2020
Japanese automakers' domestic output plunged 62% in May amid pandemic
The decline was worse than the previous record fall of 60.1 percent in April 2011, when a massive earthquake and tsunami struck northeastern Japan.
Business May 14, 2020
Mazda's net profit dropped 80% in fiscal 2019 as pandemic hit
The automaker withheld its earnings forecast for the current business year, citing uncertainties caused by the crisis.
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 ...
Business / Corporate Apr 9, 2020
Japanese carmakers plan to put 20,000 on temporary leave with partial pay to deal with virus
Around 20,000 domestic workers at three of the nation's biggest carmakers will be put on temporary leave because of the output suspensions caused by the coronavirus pandemic, company sources say. Nissan Motor Co., Mitsubishi Motors Corp. and Mazda Motor Corp. have already made adjustments by ...
Business Mar 17, 2020
Now made in Mexico: Japan auto suppliers shift China production after virus shock
In the Chinese coastal province of Jiangsu, where supply chains have been severed by the coronavirus outbreak, one auto supplier has already shifted production of parts for Mazda Motor Corp. to a site 13,000 kilometers away, in central Mexico's Guanajuato state. The bid to keep ...
Business / Corporate Feb 17, 2020
Toyota and Mazda resume some China operations after COVID-19 suspension
Toyota Motor Corp. and other major Japanese carmakers operating in China said Monday they have partially resumed operations suspended by the coronavirus outbreak. Mazda Motor Corp., Honda Motor Co. and Nissan Motor Co. all said they had restarted some work. Toyota said that of its four ...
Business Feb 13, 2020
Japanese firms struggle to restart China factories amid COVID-19 outbreak
Japanese manufacturers in China are facing challenges getting restarted after the extended Lunar New Year holiday because of restrictions on the movement of people and goods caused by COVID-19. Mazda Motor Corp. planned to resume operations at a plant in Nanjing Wednesday but postponed the ...
Business Jan 11, 2020
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 ...
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 ...
Business Nov 15, 2019
Japanese auto brands grab top three slots in Consumer Reports' annual rankings
Japanese brands dominated the top three slots in Consumer Reports' annual auto reliability rankings released Thursday. Toyota Motor Corp.'s Lexus luxury brand was rated as the most reliable by the U.S. magazine, followed by Mazda Motor Corp.'s Mazda and the Toyota brand. In fourth and fifth ...
Business Aug 13, 2019
Strong yen poses risks for Japan as U.S.-China trade war continues
Japan Inc. is caught in the crossfire of the trade war between the United States and China, as a resurgent yen threatens to sap profits and complicate the economic outlook. Worsening trade friction between the world's two largest economies has reduced investor appetite for risk ...