Hoovey689

iTrader: (16)

Troubled Mazda looking to raise $2B in shares, fund Mexico plant

Mazda once again finds itself in dire financial straits after warning its investors to expect a loss in 2011 of 100 billion yen ($1.3 billion). In an effort to keep itself afloat, the Japanese automaker is rumored to be considering a new issue of as many as 690 million shares, which would raise about 100 billion yen while diluting current share value by a massive 38.7 percent.

In addition, Mazda is thought to be seeking loans of 70 billion yen from a number of Japanese banks. A good portion of these funds are necessary to bolster Mazda's overseas production facilities. At present, 70 percent of all its vehicles are produced in Japan and 90 percent of those are exported. In order to combat the high value of the yen, Mazda is seeking to renovate a production site in Thailand and build a new one on Mexico.

Only time will tell if Mazda, Japan's fifth-largest automaker, is able to remain an independent company or if it will be forced to partner up with a larger partner, as it once had with Ford.

http://www.autoblog.com/2012/02/21/t...-mexico-plant/

bruce van

As much as I love Mazdas, they have their designers to blame for this. Putting those ridiculous smiley face front ends lost them a lot of customers.

ba-b4

Nothing wrong with Mazda design.. especially their new direction. Build this and people will buy!

http://www.youtube.com/watch?v=igVjD...feature=relmfu

http://www.youtube.com/watch?v=5f10rI24HaY