Key Developments: Mazda Motor Corp (MZDAF.PK)
3.88USD
18 Jun 2013
$0.05 (+1.31%)
$3.83
$3.80
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$3.80
10,240
10,762
$4.48
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Latest Key Developments (Source: Significant Developments)
Mazda Motor Corp Announces Changes of President and Chief Executive Officer
Mazda Motor Corp announced that it has appointed Mr. Masamichi Kogai to replace Mr. Takashi Yamanouchi as President and Chief Executive Officer of the Company, effective June 25, 2013. Full Article
Mazda Motor Corp Raises Consolidated Full-year Outlook for FY 2013
Mazda Motor Corp announced that it has raised the consolidated full-year outlook for revenue from JPY 2,170,000 million to JPY 2,190,000 million and operating profit from JPY 25,000 million to JPY 45,000 million, ordinary profit from JPY 15,000 million to JPY 28,000 million, net profit of JPY 10,000 million to JPY 26,000 million and earning per share from JPY 3.35 to JPY 8.70 for the fiscal year ending March 31, 2013. The positive outlook is mainly due to the gain on adjustment according to the exchange rate and improvement of costs. Full Article
Mazda Motor Corp to Set up Transmission Plant in Thailand
Mazda Motor Corp announced that it has decided to set up a transmission plant with an annual production capacity of approximately 400,000 units in the Chonburi Province of Thailand representing an investment of 26 billion yen. Mazda has decided to establish the plant in order to respond to increasing demand for models featuring SKYACTIV TECHNOLOGY and to strengthen its global production footprint. Operations at the new plant will commence in the first half of the fiscal year ending March 2016. Full Article
Fiat SpA Signs Final Agreement With Mazda Motor Corp
Fiat SpA announced that further to the joint announcement of May 23, 2012, Mazda Motor Corp (Mazda) and Fiat Group Automobiles SpA (Fiat) the signing of the Final Agreement which will see Mazda produce an open-top two-seater sports car for Fiat's Alfa Romeo brand at its Hiroshima, Japan, plant starting from 2015. The new Alfa Romeo roadster will be developed for the global market, and will be based on the architecture of the next generation Mazda MX-5. The agreement foresees for both Mazda and Fiat to develop two differentiated, distinctly styled, iconic and brand-specific roadsters featuring rear-wheel drive. Full Article
Mazda Motor Corp Announces Business Alliance with Toyota Motor Corp
Mazda Motor Corp and Toyota Motor Corp announced that the two companies have reached an agreement on the business alliance on automobile production. Based on the agreement, Mazda Motor will produces 50,000 Toyota brand automobiles in its Mexico plant from summer 2015. Full Article
Mazda Motor Corp Amends Consolidated Full-year Outlook for FY 2013
Mazda Motor Corp announced that it has lowered its consolidated full-year outlook for revenue from JPY 2,200,000 million to JPY 2,170,000 million and operating profit from JPY 30,000 million to JPY 25,000 million, but affirmed the outlook for ordinary profit of JPY 15,000 million, net profit of JPY 10,000 million and earning per share of JPY 3.35, for the fiscal year ending March 2013. The Company lowered the outlook due the impact of the higher yen and the decreased sales in China market. According to I/B/E/S Estimates, analysts were expecting the Company to report full-year revenue of JPY 2,137.07 billion and net profit of JPY 6.65 billion. Full Article
Berjaya Corporation Berhad's Subsidiary Signs Joint Venture Agreement With Mazda Motor Corporation
Berjaya Corporation Berhad announced that its subsidiary, Bermaz Motor Sdn Bhd, has on September 11, 2012 entered into a Joint Venture Agreement with Mazda Motor Corporation, Japan to produce and distribute Mazda brand vehicles in Malaysia. The objective of the Joint Venture is to increase more local assembly and manufacturing activities of Mazda models in Malaysia. The Joint Venture agreement is for a manufacturing program in Malaysia, a major development which underlines Mazda's confidence in its Malaysian partner - Bermaz Motor. Full Article
China Approves Ford Motor Co, Mazda Motor Corp, Chongqing Changan Automotive Co Ltd To Split JV In Two-The Economic Times
The Economic Times reported that Ford Motor Co and Mazda Motor Corp and their local Chinese partner Chongqing Changan Automotive Co have received approval from China's central government to split their three-way, manufacturing and sales joint venture into two, Ford's Chief Executive said on Monday. With approval, Ford Motor Co and Mazda Motor Corp- which share two major manufacturing bases in Chongqing and the eastern city of Nanjing - are likely to establish a new structure for cooperating with their common Chinese partner. It will likely split those China operations into two separate entities, with the Chongqing operations owned and operated by Ford and Changan, and the Nanjing base by Mazda and Changan, executives close to the three-way joint venture said. Full Article
Mazda Motor Corporation Sells Shares of Subsidiary to Itochu Corporation; Expects Extraordinary Profit for FY 2013
Mazda Motor Corporation announced that it has sold 6,807,000 shares (a 70% stake), of Toyo Advanced Technologes Co.,Ltd., at the price of JPY 21 billion, to Itochu Corporation, Due to this development, the Company is expecting an extraordinary profit of JPY 9.6 billion, for the fiscal year ending March 2013. Full Article
Mazda Motor Corporation Sells Real Estate Assets For JPY13.9 Billion-DJ
Dow Jones reported that Mazda Motor Corporation has signed a contract to sell some of its fixed assets including a plant, a gym and an office for JPY13.9 billion. The Japanese auto maker logged a loss for the fourth year in a row in the fiscal year ended March, due to the yen's strength. The company has agreed to sell the assets to Sumitomo Mitsui Finance & Leasing co., but will continue to use these facilities via a lease-back contract. Full Article
German new car market shrinks by 9.9 pct in May -Mazda Germany
FRANKFURT, June 3 - The German car market, Europe's largest, shrank at a near double-digit rate in May, according to official figures published on Monday by Mazda's German unit.
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