Streetbeat News

MZDAY

Mazda Motor Corporation

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

CEO

Akira Marumoto

Industry

Automobile Manufacturing

Open

3.52

Mkt cap

4.5B

Volume

1.6K

High

3.55

P/E Ratio

4.97

52-wk high

6.12

Low

3.51

Div yield

0.03

52-wk low

3.02

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

The United Auto Workers (UAW) union has launched a campaign to unionize workers at 13 non-union automakers in the U.S., targeting nearly 150,000 workers from companies like BMW, Honda, Hyundai, Lucid, Mazda, Mercedes-Benz, Nissan, Rivian, Subaru, Tesla, Toyota, Volkswagen, and Volvo. UAW President Shawn Fain, after securing contracts with GM, Ford, and Stellantis, is looking to expand the union's reach beyond the 'Big Three' Detroit automakers by 2028. The UAW's membership has declined over the years, but recent successes have led to wage increases at non-union companies, known as the 'UAW bump.' Past efforts to unionize at foreign-based automaker plants and Tesla's Fremont plant have seen limited success.

Portfolio Pulse from Michael Cohen

November 29, 2023 | 10:37 pm

Toyota Motor Corp leads in customer satisfaction in the U.S. auto market with a score of 84 out of 100, according to the American Customer Satisfaction Index. Other Japanese automakers like Subaru, Honda Motor Co, and Mazda Motor Corp are also performing well. Tesla Inc is tied with Lexus in customer satisfaction among luxury automakers with a score of 83. The study also noted that electric and hybrid vehicle drivers are more satisfied compared to gas vehicle drivers.

Portfolio Pulse from Anan Ashraf

August 23, 2023 | 6:22 am

Panasonic Energy, a subsidiary of Panasonic Holdings Corp, plans to build four more factories to boost its annual capacity of batteries for electric vehicles by 2031. The company is open to potential joint ventures for EV battery production, including with automaker Mazda Motor Corp. The company aims to boost annual EV capacity to 200-gigawatt hours (GWh) by early 2031, around four times greater than its capacity in March this year.

Portfolio Pulse from Anusuya Lahiri

July 03, 2023 | 10:40 am

Ant Group is developing ChatGPT-style services, while Cisco launches AI chips to compete with Broadcom and Marvell. YouTube plans to debut its first official shopping channel in South Korea. Bolt partners with Starship Technologies for robot food delivery, and Chinese regulators reprimand Starbucks and Shake Shack over privacy breaches.

Portfolio Pulse from Vandana Singh

June 21, 2023 | 2:02 pm

Panasonic Energy and Mazda Motor Corp are in talks for a battery supply partnership, aiming to leverage the growing demand for battery EVs and automotive batteries. Panasonic Energy plans to supply Mazda with automotive cylindrical lithium-ion batteries manufactured in Japan and North America.

Portfolio Pulse from Shivani Kumaresan

June 21, 2023 | 12:10 pm

Tesla and BYD are leading the transition to electric vehicles, while Japanese automakers lag behind, according to a report by The International Council on Clean Transportation. The report evaluated 20 manufacturers based on their light-duty sales in 2022, actions, and zero-emission vehicle strategies.

Portfolio Pulse from Anan Ashraf

June 01, 2023 | 12:07 pm

Ford Motor Co has decided to include AM radio in all 2024 Ford and Lincoln Motor models after speaking with policy leaders about the importance of AM broadcast radio as a part of the emergency alert system. Automakers have been excluding AM radio from their electric vehicles due to concerns about potential electromagnetic interference with the EV powertrain.

Portfolio Pulse from Aveek Bhowmik

May 24, 2023 | 4:07 am

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