【OKASANNOANARU-02】
Mazda Motor’s chief executive Masahiro Moro on OKASANNOANARU-02July 14 warned of an increasingly tough business situation in China in the next 12-18 months, pledging a strategic overhaul as the Japanese automaker comes under increased pressure from Chinese electric vehicle makers. Moro added the company has no intention to “scale back” but will instead seek to “turn the tide” with the release of new EV models. He also projected some cost cutting on fixed assets in the coming months, without revealing further details. Mazda’s sales in China fell 41% year-on-year to just over 108,000 units last year, and it is not the only global automaker struggling for market share in the country. Peer Mitsubishi Motors, along with its Chinese partner GAC Group, on July 12 informed employees of the suspension of production and layoffs at their joint venture, citing declining sales. [Reuters]
Search
Categories
Latest Posts
Space Detective
2025-06-25 21:30New 'Walking Dead' game is basically 'Pokémon Go' but with zombies
2025-06-25 21:21Comedian Jim Gaffigan's chatbot is here and it demands snacks
2025-06-25 21:01The Financialized Family
2025-06-25 19:33Popular Posts
Springtime for Empire
2025-06-25 21:28Gospel singers at Harvey shelter will give you the chills
2025-06-25 21:00Body Language
2025-06-25 18:59Featured Posts
Horror Stories
2025-06-25 21:23Why the Night's Watch still matters in 'Game of Thrones' Season 8
2025-06-25 20:09Rest When You’re Dead
2025-06-25 19:26Popular Articles
Too Close to Call
2025-06-25 21:20Google Wifi has come to Asia, 6 months after its debut in the U.S.
2025-06-25 20:42'Game of Thrones' Season 8: Is Jon and Dany's relationship doomed?
2025-06-25 20:39You can now use Amazon Echos to play music in multiple rooms at once
2025-06-25 20:01The Queer Other
2025-06-25 19:42Newsletter
Subscribe to our newsletter for the latest updates.
Comments (2995)
Exploration Information Network
Trash the Polls
2025-06-25 21:15Happy Information Network
Sean Spicer finally lived his dream of meeting Pope Francis
2025-06-25 21:05Trendy Information Network
Louisiana's 'Cajun Navy' rushes to Texas to help rescue people from the floodwaters
2025-06-25 20:08Dream Information Network
Cosplayer nails the Night King's piercing eyes in his amazing homemade costume
2025-06-25 19:11Era Information Network
Weekending in an Emergency
2025-06-25 18:52