ASH8

Ford, the top shareholder in the Japanese automaker with 11 percent stake, is expected to reduce its interest to 3 percent or less, the daily reported.

http://www.reuters.com/article/idUSTRE69E4MN20101015

ASH8

If this is true and I have been expecting this since the US dollar is diving....Ford want to get some many back quick (US Dollars that is)...Strong Yen weak Greenback..not good at all...even for Mazda..

Expect huge new car price increases for Mazda Cars and Parts in the US, or anything imported from Japan.

Obviously the Ford/Mazda joint plant facilities Thailand, Flat Rock, China, will continue, profits and costs will truly be split down the middle, well almost.

Sumitomo returns as major shareholder like in the 1970's..

History always repeats...

IF this is true...

Jedi54

iTrader: (7)

interesting...

Grace_Excel

iTrader: (5)

yeah, I remember when Yen was 108-110 to a dollar... And that was 5 or 6 years ago!

alnielsen

iTrader: (4)

Doesn't Ford need the money too.

Mazmart

iTrader: (12)

This is weird. I was thinking about this in the past day or so and yes, the exchange rate sucks for the US purchaser of Japanese goods and for manufacturers like Mazda. We were talking about this at lunch today. Hyundai and Kia built assembly plants here in GA. Maybe Mazda needs to as well.

Paul.

Mazmart

iTrader: (12)

I remember when a US Dollar was worth $140 Y.

Paul.

zoom44

Mazda needed a plant here 3 years ago, Paul! Before the New CEO came in they were talking about looking remember? even if they just shipped CKD/ RTA to here for assembly that'd save them some money


They should open it up here we've got a great transportation hub AND i could work there

nycgps

iTrader: (1)

I was just reading the news too

hmm, I don't need to stock the coils cuz I can get them cheaply not from Mazda .

but hmm Rotor housings ... hmm ... new Fc engine hmm ...

Anyway, every Japanese manufacture are all in panic mode. Yen is like 81 something today. it was 80 something just like 2-3 days ago.

QE sucks, it doesn't do ****, it kills everyone else even people in the US, its basically the government print money and it all went to people in Goldman Sachs and now they're doing QE2. Jesus. I have no idea wtf they are thinking. I guess we're on Titanic now.

MattMPS

Mazda needs a new industrial partner IMHO...Ford is off (if this is true).....

ASH8

I Remember when the Aussie Dollar was worth 260Y to our Dollar (1978), now it is 80.

ASH8

Yep mate, this is EXACTLY what happens when Governments (Countries) print more Money to bolster their currency and boost growth, or to bail out corporations, it is a very , very short term fix that comes back to bite you in the ***....eventually it devalues that currency.
It is very hard to turn the Titanic around when this happens.

Then you have countries like China who wont float their currency and keep it artificially low to help their exporters, again it can bite them in the ***, but it takes a lot longer, yes they save lots or currency, and or are owed a **** load of money, but when their buyers get into trouble...everyone suffers especially when this 'saved' currency loses value.

China gets to own a **** load of low value currency.

ASH8

At the moment our Aussie Dollar has gone from around 75c to 99.9 to USD, first time in 30 years to hit parity.

A lot cheaper to Import from US and Japan for us.

But does Mazda Australia pass on these savings or lowers the price of imported parts??..what do you think...the bastards are making a bloody fortune for parent MMC.

And we continue to pay DOUBLE the price for an RX-8...and many other imported cars!

ASH8

Wasn't Flat Rock originally a sole Mazda only plant build by Mazda?, then they got into financial trouble and Ford moved in??

Here before Ford got heavily involved financially in Mazda, Ford Australia imported CKD kits of the first Mazda 323 FWD, which was assembled by FA and sold as a Ford Laser, it had about 30% Australian Content, like Glass, battery, Paint, mirrors, brakes, drive shafts and shocks.

MattMPS

Mazda had published an official refute (?) to the media speculation about exit of Ford

http://www.mazda.com/publicity/relea...10/101016a.pdf

NotAPreppie

This sounds like it would be a very good opportunity for the US auto manufacturers to pick up some ground in the market share department.

Now, if GM/Fiatsler could just start building cars that were worth a damn.

nycgps

iTrader: (1)

you forgot something

China, the country is rich, but most of the people are not. consider the fact that even in the cities, average workers are getting 1000-3000 RMB per month and thats already "good". Its funny that my friends here in NY said that China must have sweat shops everywhere cuz all they're getting is like what 2-500 bux US a month. They keep forgetting that RMB is not USD. its about 1-2 RMB to get a soda in China. same for NYC except in USD.

RMB is undervalue everybody even China knows it, but the point here is that forcing it to go up 20-40% right like US said would ultimately kill everybody even US themselves. China is raising it slowly because just look at what happen to Japan back in the 80s. it totally fucked them up and it didn't help anything. and it ultimately fucked Japan's economy for the past 20 yrs.

its just a usual trick used by our government to shift blame, so now a lot of people "thought" our shitty economy was 100% chinese's fault. While the truth is a big thx to our stupid leaders & "DE"regulation + greedy bastards who created the bubble in the first place.

not to mention, China is US's biggest debt/bond holder, so if they can push RMB up while devalue the dollar, in the end that means the US will pay a lot less than they were supposed to.

Now Im sure Japan is pissed about US's moves (QE & QE2), cuz it helps nothing at all and like u said it will come back and bite everybody's ***. but hey does the Democrats cared right now? all they cared is they have to make sure that they can save as much seat in the house as possible.

QE2 will be out soon and Im expecting it to be at least 2 trillion.

Just watch after the election everything will be ****.

ASH8

Funny, they said the same thing when Ford did their major bail out, and when Mazda were doing a Hybrid license with Toyota..

But, yes, it could all be BS, but it does make sense to me.

And naturally Mazda are going to try and cool it down, it is in their interest to.

We will see.

ASH8

Jackson, Yes, the complete De-Regulation of Banks, Free or "Fair Trade" has all been a Failure..

Australia like so many countries no longer makes anything, it is almost all imported, and now WE are facing a 'food security' issue here, China are buying prime farming land, and the Polly's are sitting back and letting it happen.

Capitalism has to fail..it is designed to..it has done it many times and is DUE for a HUGE Fall, bigger that the GFC...that was just a warning, and what happened China bailed out most the world.

As for currency and trade....I know it will happen one day (not in my life) but the sooner the world goes to a single currency the better...it will happen..it has to.

Governments and Corporations all around the world are hooked on playing "Monopoly Game" with taxpayer and superannuation money.

F**king GREED!

hornbm

iTrader: (1)

I would strongly disagree. One of the things I like about mazda, is they are one of the few japanese manufactures that still make most of their products IN japan. I do NOT want my future RX built in an american factory.

I used to work at a Mazda dealer, and I saw more workmanship defects in american built mazdas then any other models, consistently.

If that mazda vin doesn't start with JM, I don't want it.

alnielsen

iTrader: (4)

^ With the poor value of the US dollar, actually owning a foreign made car will cost allot more. Making them in the US will make them much more affordable. Build quality starts with the attitude of management and filters down to the line worker.

zoom44

hornbm- thats why i said CKD- which stands for complete knock down . they build all the parts in japan and send it as a kit to the US and then its only assembled here. they can fit more on the boat so it costs them less in shipping so they save money there and they are still "built" to the spec of the Japanese Factory.

This is done already in several countries as it eases the amount of tariffs paid. They could get that new truck around the chicken tax that way as well....

nycgps

iTrader: (1)

Mazda is crying too, with ever increasing value of Yen + devaluation of dollar. it will cost them so much more to make/sell their cars.

They're so going to get f-

I guess we won't see the next Rotary until 2077 or some ****.

zoom44

small blurb today

ASH8

Frankly, You won't be seeing ANY new Rotary, certainly not as we know them as...

IMO Renny II, IS the last of the NA Rotary....