CHINA: Mazda sees recovery ahead for Japanese brands
Mazda sees recovery in the first quarter of next l year in the Chinese market for Japanese brands hit hard by anti-Japan sentiment in China.
Speaking at the Guangzhou Motor Show, Mazda China CEO Noriaki Yamada said that he believes that Chinese sales will recover in the first quarter of 2013. "We hope that demand for Japanese vehicles [in China] will recover to normal levels by next April," Mr Yamada told local media.
Mazda has already reduced its China sales target for the year from 250,000 units to 185,000 units. However, Mazda's global sales target of 1.25m vehicles for the year has not been reduced, with the company maintaining that higher sales elsewhere in Asia have helped to offset lower sales in China.
Japanese-born Ichiro Hirose (52) is rather enjoying himself in Europe. He gets to drive cars quickly on open roads, judging the distance between his car and oncoming vehicles with an engineer's precis...
More read-it-and-weep news for struggling European rivals from Volkswagen group this week as it chalked up another little milestone - selling over 3m vehicles in the first four months of a year....
Vehicle assembly in Colombia began in 1956 when the government signed an agreement to build Austin trucks locally. Colombian entrepreneurs soon saw the opportunity to invest in technology to be part o...
The Malaysian automotive industry is expecting competition in the local market to intensify as the government reduces excise duties further to lower new car prices....
After announcing an after-tax operating loss of A$141m for the 2012 financial year, following a A$290m loss in 2011, Ford has finally thrown in the manufacturing towel in Australia and will close its ...
- COMMENT: Volvo's US sales surge as China reverses
- COMMENT: Ford F-Series production soars
- China's economic turbulence worries auto industry
- Baking Kias at 45C
- THE WEEK THAT WAS: Trouble in Tianjin
- UPDATED IAA debuts list: BMW plug-in 2AT added
- Land Rover develops 'see-through trailer' concept
- Nissan allocates redesigned Juke to Sunderland
- Brazil Four losing sales faster than industry rate
- Uber hires car hacking engineers
- Ford Motor Company (F) - Financial and Strategic SWOT Analysis Review
- General Motors Company (GM) - Financial and Strategic SWOT Analysis Review
- Global light vehicle engine technologies market- forecasts to 2030
- Global light vehicle safety systems market- forecasts to 2030
- Global heavy trucks market