Mazda says aims to sell 70,000 cars in China this year
Reuters / September 16, 2003
TOKYO (Reuters) -- The president of Mazda Motor Corp. said on Tuesday it aimed to sell 70,000 cars in the booming Chinese market this year, an increase of 25,000 units over initial estimates.
"We reached our full-year target (for China) by the end of August, mainly because of brisk sales of the Mazda6 sedan," Hisakazu Imaki told a small group of reporters.
Imaki said the most pressing issue for Mazda's China strategy was how to increase production.
Mazda outsources car production to Chinese local partner FAW Car Co., a unit of China's largest auto maker, First Automotive Works, sending knock-down kits from Japan.
Imaki also said Mazda was in the midst of discussions on strategies for China with Ford Motor Co., which owns one-third of Mazda.
Imaki took the helm at Mazda last month after his predecessor Lewis Booth's sudden departure to head Ford of Europe.
My first car was a 67 Mustang Coupe, 2nd one was a 67 Cougar XR-7, 3rd one was a 66 Mustang Coupe. Why did I get rid of these cars for ? I know why, because I'm stupid, stupid, stupid.
My next Ford.....