Streetbeat News

MZDAY

Mazda Motor Corporation

http://www.mazda.co.jp/

CEO

Akira Marumoto

Industry

Automobile Manufacturing

Open

3.31

Mkt cap

4.1B

Volume

55K

High

3.31

P/E Ratio

4.84

52-wk high

6.52

Low

3.27

Div yield

N/A

52-wk low

3.09

Toyota, Mazda, Honda, and Suzuki face significant stock price drops due to a safety test falsification scandal. Toyota's market value plunged by over $15 billion, and Mazda lost $511.8 million. The scandal has led to temporary halts in shipments and sales of certain models. Additionally, Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group plan to divest $8.5 billion worth of Toyota shares.

Portfolio Pulse from Benzinga Neuro

June 10, 2024 | 5:38 am

Japanese transportation ministry officials are investigating Toyota Motor Corporation (NYSE:TM) and other automakers over certification irregularities. Toyota has halted shipments and sales of three models in Japan. The scandal involves inaccurate or altered data in vehicle certification processes, affecting multiple companies.

Portfolio Pulse from Lekha Gupta

June 04, 2024 | 10:31 am

Toyota, Subaru, and Mazda are collaborating to develop carbon-neutral engines optimized for electrification. This initiative aims to integrate electric motors, batteries, and other components while enhancing vehicle design and meeting emissions regulations. The companies are also exploring various carbon-neutral fuels.

Portfolio Pulse from Shivani Kumaresan

May 28, 2024 | 12:16 pm

Toyota Motor Corp (NYSE:TM) has agreed to its labor union's requests for salary and bonus increases for the fourth consecutive year, potentially influencing Japan's wage-price cycle. This move, which led to a surge in the yen and a drop in government bond futures, sets a precedent for wage trends in Japan, impacting over 5 million workers. Similar agreements by Honda Motor Co Ltd (NYSE:HMC) and Mazda Motor Corp (OTC:MZDAY) indicate a broader push for wage growth. These developments could prompt the Bank of Japan to reconsider its negative interest rate policy.

Portfolio Pulse from Shivani Kumaresan

March 13, 2024 | 1:10 pm

Unity (NYSE:U) has announced a partnership with Mazda to develop a next-generation in-cabin car experience for 2025-2027 Mazda car models and beyond. This collaboration is part of Mazda's 2030 Management Policy, focusing on the evolution of cockpit HMI and GUI for a seamless driving experience.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 7:27 am

Toyota Motor Corp (NYSE:TM) is expected to present a pay hike offer to its workers' union on March 13, amid ongoing wage negotiations without an initial offer. The union seeks a 7.6-month bonus and an undisclosed wage increase. This negotiation is part of Japan's annual spring wage talks, with significant implications for the country's economy and monetary policy. Honda Motor Co Ltd (NYSE:HMC) and Mazda Motor Corp (OTC:MZDAY) have already agreed to wage increases, aligning with Prime Minister Fumio Kishida's push for wage growth to surpass inflation.

Portfolio Pulse from Shivani Kumaresan

March 06, 2024 | 10:43 am

Tesla, Inc. (TSLA) has outperformed legacy automakers in U.S. sales growth over the past eight years, despite a general industry slowdown. Elon Musk praised his team in response to a Tesla influencer's post showing Tesla's U.S. sales increase by 632,088 units from 2015 to 2018. Legacy automakers like GM, Ford, and Stellantis reported sales declines, while Hyundai, Kia, Volkswagen, Geely, Subaru, and Mazda saw growth. Tesla's Q4 deliveries hit a record 484,507 units, with annual deliveries of 1.81 million. Tesla's production efficiency, diversified bases, and product appeal contribute to its success, while legacy automakers scale back EV ambitions. BYD has recently surpassed Tesla in battery EV manufacturing. Tesla's stock closed down 2.87% at $227.22.

Portfolio Pulse from Shanthi Rexaline

January 12, 2024 | 6:42 am

Mazda North American Operations reported a record December with sales of 39,518 vehicles, a 44.8% increase YoY. FY23 sales also rose to 363,354 vehicles, up 23.2% YoY. The CX-50, CX-5, and CX-30 models achieved best-ever December sales. Mazda's CX-90 started U.S. sales in March and won the Good Housekeeping 2024 Family Travel Award. Tom Donnelly became President and CEO in April. Mazda Toyota Manufacturing celebrated its fifth anniversary. All tested Mazda vehicles earned the IIHS 2023 TOP SAFETY PICK, with the CX-90 receiving the TOP SAFETY PICK+ after the first U.S. crash test. Mazda Canada and Mazda Mexico also reported sales increases in December and FY23.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 3:49 pm

Consumer Reports' annual survey on auto brand reliability did not feature any U.S. automakers in the top ten, with Toyota (TM) and its Lexus brand leading the list. BMW's Mini, Honda's Acura and Honda, Subaru, Mazda (MZDAY), Porsche (POAHY), BMW, and Hyundai's Kia were also in the top ten. U.S. brands like General Motors' Buick (GM), Tesla (TSLA), and Ford (F) trailed behind, with Tesla ranking 14th. The survey also noted that hybrids had fewer problems than ICE vehicles, while PHEVs and EVs, including electric pickup trucks, had more issues. The KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) closed down 0.55%.

Portfolio Pulse from Shanthi Rexaline

December 18, 2023 | 6:44 am

Mazda CEO Masahiro Moro anticipates electric vehicles (EVs) will constitute 25-40% of Mazda's global sales by 2030. Moro credits the company's growth to his prior role in North America, promoting larger vehicles. Mazda is preparing to launch its first dedicated EV platform, with close collaboration with Toyota on software and electrical infrastructures. The new EV platform is expected between 2025 and 2027, with plans to design and manufacture EVs in Japan and potentially North America. Despite challenges faced by other automakers like Tesla, General Motors, and Ford, Mazda's strategy could make it a significant player in the EV market.

Portfolio Pulse from Benzinga Neuro

December 11, 2023 | 2:45 am

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