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Japan:Mazda Appoints First Japanese as President Since Ford Takeover

Associated Press - August 26, 2003
Motor Trend

Ford Motor Co. appointed Hisakazu Imaki as the new president of Mazda Motor Corp., current Mazda leader Lewis Booth said Wednesday. Imaki is the Japanese automaker's first homegrown chief executive since Ford acquired a controlling stake seven years ago.

Imaki, who joined Mazda in 1965, has been vice president responsible for research and production since March of last year. He has focused primarily on production technology and planning throughout his career.

As a senior executive, he launched the Mazda6 - called the Atenza in Japan - the automaker's new sedan that helped lead a revival in sales.

Ford Motor Co. raised its stake in Mazda to 33.4 percent in 1996 and implemented a restructuring plan that cut jobs, slashed costs, and stressed the introduction of new models and growth.

In the April-June quarter it sold 245,000 vehicles, up 10 percent from last year.

The RX-8 sports car and the Demio subcompact, sold as the Mazda2 in Europe, have also helped drive the rebound in sales.

Booth is the fourth executive Ford has sent to run Mazda. He will become president of Ford Europe.

Copyright 2003 Associated Press.

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.....
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