Jump to content
Create New...
  • 💬 Join the Conversation

    CnG Logo SQ 2023 RedBlue FavIcon300w.png
    Since 2001, Cheers & Gears has been the go-to hub for automotive enthusiasts. Join today to access our vibrant forums, upload your vehicle to the Garage, and connect with fellow gearheads around the world.

     

  • William Maley
    William Maley

    Mazda Looking To Raise $2 Billion

    William Maley

    Editor/Reporter - CheersandGears.com

    February 22, 2012

    As we reported last week, Mazda isn’t doing so well. The company posted a $1.29 loss for 2011. To sure up its finances, Mazda is looking to raise 100 billion yen ($1.3 billion) through a public share offering, which would dilute the current share value by a massive 38.7%. Mazda will also seek loans of 70 billion yen from a number of Japanese banks.

    The monies would be used to bolster Mazda's overseas production facilities. Currently, 70% of Mazda vehicles are produced in Japan and 90% of those are exported. To fight back at rising yen (which is causing many problems for Mazda), they looking to renovate a plant in Thailand and build a new one on Mexico.

    The question remains if these moves will help Mazda keep its independence.

    Source: Reuters

    User Feedback

    Recommended Comments

    There are no comments to display.



    Join the conversation

    You can post now and register later. If you have an account, sign in now to post with your account.
    Note: Your post will require moderator approval before it will be visible.

    Guest
    Add a comment...

    ×   Pasted as rich text.   Paste as plain text instead

      Only 75 emoji are allowed.

    ×   Your link has been automatically embedded.   Display as a link instead

    ×   Your previous content has been restored.   Clear editor

    ×   You cannot paste images directly. Upload or insert images from URL.




  • Support Real Automotive Journalism

    Cheers and Gears Logo

    Since 2001, Cheers & Gears has delivered real content and honest opinions — not emotionless AI output or manufacturer-filtered fluff.

    If you value independent voices and authentic reviews, consider subscribing. Plans start at just $2.25/month, and paid members enjoy an ad-light experience.*

    You can view subscription options here.

    *a very limited number of ads contain special coupon deals for our members and will show

  • Posts

    • Love the '62 Caddies with the fins and skegs..
    • This guy is pretty absurd. "it needs more parts" to make it more reliable?  "you can just tell by how small these transmissions are that they're under designed. there's not a whole lot of parts in here that make them work." "...In my opinion you need big durable and maybe even more parts to make these transmissions last more than 100,000 miles." I'm not trying to defend the transmissions. I'm sure he has them in the shop all the time with failures, but his reasoning is possibly the most BS there could be. 100% made up.  Has he ever seen a Rav4 transmission?  Uh oh... it's tiny, too! CRV transmission? Also small! He probably also doesn't know that there are very few vehicles that DO have transmission dip sticks anymore. i've wasted an awful lot of time on this guy's video. 🤣🤣
    • Interesting that this was in an Escape.  The mid-2010s Focus and Fiesta, which I have enjoyed as econobox rentals, were vilified for their dual clutch automatic transmissions.  None of mine in rental cars acted up, except for one.  And it acted up in a big way.  I took it from Portland to Seattle to Vancouver BC and back. On the return trip, there were serious shudders in the automatic 1 to 2 shift, which is typical of one on the fritz.  It's too bad.  Dual clutch automatic is sort of standard for the VW umbrella overseas. They quote crazy prices to replace transmissions.  I had a leaflet for GM Mr. Goodwrench factory rebuilt R&R units laying around.  This was for 4-speed THM 460 (E) transaxles, just to know my options.  The prices were palatable.  Fortunately, I never had to fix a transmission.  I did fluid changes every 30,000 miles.  These cars trans' remained in the pink for their entire service lives.
    • I am very fortunate to be married to a woman with a great family. Glad I didn't continue dating several women with insane families.  Latin America draws me.    Ford screwed the pooch on its small car and small SUV transmissions. Where are the small Fords now....ohhhhh wait.....they are out of production.   
    • Their situation has improved.  Twenty years ago, it was bad like Venezuela is today. I have a friend who is married to a woman from here.  I bet he regrets it because he also "married" her very large overbearing Colombian family with very poor boundaries. 
  • Who's Online (See full list)

    • There are no registered users currently online
  • My Clubs

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.

Hey there, we noticed you're using an ad-blocker. We're a small site that is supported by ads or subscriptions. We rely on these to pay for server costs and vehicle reviews.  Please consider whitelisting us in your ad-blocker, or if you really like what you see, you can pick up one of our subscriptions for just $1.75 a month or $15 a year. It may not seem like a lot, but it goes a long way to help support real, honest content, that isn't generated by an AI bot.

See you out there.

Drew
Editor-in-Chief

Write what you are looking for and press enter or click the search icon to begin your search