Although I don’t race a Mazda
I always appreciated the support Mazda gives club racing. Always happy to see
Mazda banners & flags at a National weekend. I have many friends driving
spec Miata & SS Mazda3. So I really hope they work this out and they don’t
cut support to our hobby.
article title is: After
another bad year…
Mazda builds and exports more vehicles
from Japan by percentage of total volume than any other automaker, which means
it has been hit harder than most by the strength of the Japanese yen.
Compounding matters further, between 2008 and 2010, Ford reduced its stake in Mazda from a
controlling 33-percent share to less than four percent, meaning the automaker
doesn't have any extra-deep pockets to help bridge the financial gap until
profits improve and a North American factory located in Mexico is
The results of this perfect financial storm have been
predictable: Mazda posted a net loss in 2011 of about $1.29 billion, marking the
fourth consecutive year of red ink and the largest loss since 2001. That's all
very bad news for any automaker, but especially so for one as small and
independent as Mazda. As such, it's no surprise that Mazda CEO Takashi
Yamanouchi has said that his company is "actively" seeking partners and that
"every option" is being considered.
Naturally, considering "every option"
includes the potential of licensing its lightweight and efficient Skyactiv
fuel-saving technology to
other automakers. In any case, after already losing the rotary
(for now, at least) the
thought of an automotive world without the MX-5
makes us shudder.
Here's hoping Mazda regains its financial footing before anything drastic