 |
December 3, 2007 |
|
|
|
 |
MAZDA MOTOR: Posts 7.6% Boost in Global Output for October 2007 Mazda Motor Corporation has released its production and sales results for October 2007. Global production climbed 7.6% year-on-year to 118,769 units. Domestic production increased 10.9% for a total of 93,302 units mainly due to the additional production of the all-new Demio bound for Europe and the CX-9 among other models. Overseas production went down to 25,467 units, or an equivalent of 3.1% due to the end of the production of Familia and Premacy models in China. Due to the new model effect of the Mazda2 or known overseas as the Demio, and Mazda5 or Premacy, domestic sales went up 5.5% as compared to October 2006. Mazda's registered vehicle market share climbed 5.3%, up 0.1 points over October 2006, with a 2.7% share of the micro-mini segment (up 0.4 points) and a 4.5% total market share, which is up 0.3 points over last year's results. About Mazda Motor Headquartered in Hiroshima Prefecture, in Japan, Mazda Motor Corporation -- http://www.mazda.co.jp/ -- together with its subsidiaries and associates, is primarily involved in the manufacture and distribution of automobiles. The company manufactures passenger cars and commercial vehicles. Mazda Motor distributes its products in both domestic and overseas markets. The company has 58 subsidiaries. It has overseas operations in the United States, Canada, Mexico, Germany, Belgium, France, the United Kingdom, Switzerland, Portugal, Italy, Spain, Austria, Russia, Columbia, New Zealand, Thailand, Indonesia and China. The Company has a global network. * * * As reported in the TCR-AP on April 27, 2007, Standard & Poor's Ratings Services raised Mazda Motor Corp.'s long-term corporate credit rating and the company's long-term senior unsecured debt to: * Corporate Credit Rating: BB /Stable/ * Company's Long-term Senior Unsecured Debt: BB+ S&P's rating actions reflect Mazda's improved operational and financial performance, and financial risk profile. Mazda's operating and financial performance has been improving over the past several years due to the success of new products following a shift in strategy. The company continued to improve operating and financial performance in the nine months ended Dec. 31, 2006, owing to an improved sales mix and favorable foreign exchange rates. Although the EBITDA margin of about 6% remains lower than most of its Japanese peers, profitability is steadily improving. Mazda is now focusing on certain segments instead of attempting to compete as a full-line producer. The company also has excellent product engineering capabilities. |
|
|
||
|
Today's Top Stories have been selected from the Troubled Company Reporter - Asia Pacific. To receive the Full TCR-AP please CLICK HERE.
