The appreciation of the yen Mazda intends to increase the proportion of auto parts imports

Mazda Motor Corp. CEO said recently that Mazda plans to import more auto parts from Japan, increasing the proportion of imported auto parts needed for production to 30%, in order to offset the impact of the yen's appreciation on its profitability.

Mazda's chief financial officer Kiyoshi Ozaki said that due to the gradual recovery of the U.S. economy, the yen may continue to strengthen, and Mazda must continue to work to reduce car production costs. In addition to expanding the proportion of auto parts imports, the company will also re Consider the design of the vehicle to reduce costs.

It is reported that Mazda was the only Japanese auto maker who suffered a net loss in the third quarter of fiscal 2010 (October-December), mainly due to the decline in demand for cars in Japan.

Mazda exports 80% of the cars produced in Japan, so Mazda is Japan's biggest hit by the appreciation of the yen.

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