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 ...
- Auto business confidence hit but holding up
- New Astra Sports Tourer & future Opel/Vauxhalls
- Recalls redux - the week that was
- Brexit could lift UK auto production – Asian view
- FCA realigns its global manufacturing footprint
- General Motors re-thinks India strategy - report
- Tesla drops Mobileye in wake of Autopilot issue
- Mixed reaction to Tesla's latest plans
- Ford rolls out MY2017 smartphone integration
- Nissan Kicks making world debut in Olympics Brazil