Mazda seeks $2.8 billion in loans to survive during coronavirus crisis

Images of 2017 Mazda MX-5 Miata RF

Mazda Motor has sought loans amounting to about 300 billion yen ($2.8 billion) from Japan’s three megabanks and other lenders to survive during coronavirus epidemic, a source with direct knowledge of the matter stated on Saturday. The megabanks such as Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group and Mizuho Financial Group together with the Development […]

Mazda suspends production in Japan, Mexico and Thailand as the virus spreads

Mazda CX-3 crossover SUV

Japanese automaker Mazda Motor on Tuesday stated that they are suspending production at its plants in Japan, Mexico and Thailand following the spread of coronavirus that has created worldwide disruption. The Hiroshima-based automaker stated in Japan, its two plants will be shut for 13 days, between March 28 and April 30. The automaker hopes to […]

Mazda, Suzuki and Yamaha apologize for improper auto tests

Mazda, Suzuki, Yamaha

Mazda Motor, Suzuki Motor and Yamaha Motor improperly conducted tests on vehicles for fuel economy and emissions, the Japanese government stated on Thursday, providing fresh cases of compliance failures by automakers. The results came to light following the government’s order to the automakers to check their operations after revelations of improper testing at Subaru and […]

Mazda, Suzuki, Yamaha submit reports to Japan’s transport ministry

Mazda, Suzuki, Yamaha

Mazda Motor Corp, Suzuki Motor Corp and Yamaha Motor have submitted reports to the transport ministry of Japan that they conducted improper fuel economy and emissions tests on their automobiles, the ministry stated on Thursday. The findings were the outcome of internal investigations ordered at Japanese automakers by the ministry following improper testing at Subaru […]

Toyota and Mazda to built $1.6 billion plant for Huntsville, Alabama

Albama map

Toyota Motor and Mazda Motor stated on Wednesday they will construct a $1.6 billion joint assembly plant in Alabama that will hire approximately 4,000 employees, a boost for President Donald Trump, who wants auto companies to broaden U.S. production. Toyota CEO Akio Toyoda and Mazda CEO Masamichi Kogai joined Alabama Governor Kay Ivey in Montgomery […]