Mazda

Mazda Production and Sales Results for February 2023

Retrieved on: 
Thursday, March 30, 2023

HIROSHIMA, Japan, Mar 30, 2023 - (JCN Newswire) - Mazda Motor Corporation's production and sales results for February 2023 are summarized below.

Key Points: 
  • HIROSHIMA, Japan, Mar 30, 2023 - (JCN Newswire) - Mazda Motor Corporation's production and sales results for February 2023 are summarized below.
  • Mazda's domestic production volume in February 2023 increased 19.8% year on year due to increased production of passenger vehicles.
  • Mazda's overseas production volume in February 2023 increased 21.4% year on year due to increased production of passenger vehicles.
  • Mazda's domestic sales volume in February 2023 decreased 6.9% year on year due to decreased sales of passenger vehicles.

Mazda Joins Research Association of Biomass Innovation for Next Generation Automobile Fuels

Retrieved on: 
Wednesday, March 29, 2023

HIROSHIMA, Japan, Mar 29, 2023 - (JCN Newswire) - The Research Association of Biomass Innovation for Next Generation Automobile Fuels (Research Association) and Mazda Motor Corporation (Mazda) are pleased to announce Mazda's participation as a full member of the association.

Key Points: 
  • HIROSHIMA, Japan, Mar 29, 2023 - (JCN Newswire) - The Research Association of Biomass Innovation for Next Generation Automobile Fuels (Research Association) and Mazda Motor Corporation (Mazda) are pleased to announce Mazda's participation as a full member of the association.
  • The Research Association promotes technological research on the use of biomass as well as efficient production of bioethanol fuel for automobiles to realize a carbon-neutral society.
  • Hiroyuki Yamashita, Senior Principal Engineer responsible for technological research at Mazda, said, "We are very honored to have received this invitation from the Research Association of Biomass Innovation for Next Generation Automobile Fuels.
  • In addition, Koichi Nakata, Chairman of the Board of the Research Association of Biomass Innovation for Next Generation Automobile Fuels, stated, "Carbon neutral fuels are a leading energy option for realizing a carbon neutral society.

ZT Corporate Executes Major Liquidity Event for Investors in a Strategic Management Buyout

Retrieved on: 
Thursday, March 30, 2023

ZT Corporate , a private equity firm that specializes in healthcare and automotive investments, today announced that it has completed a liquidity event for its investors through a strategic management buyout.

Key Points: 
  • ZT Corporate , a private equity firm that specializes in healthcare and automotive investments, today announced that it has completed a liquidity event for its investors through a strategic management buyout.
  • The liquidity event generated multiple on invested capital (MOIC) for investors ranging from 2.33X-2.43X despite current adverse market conditions and recent industry challenges.
  • Taseer Badar, Chairman and Chief Executive Officer of ZT Corporate, said, “We have delivered a liquidity event for our investors in a time when the overall economy is in midst of a liquidity crunch.
  • We are seeing banks fail due to liquidity, businesses struggling with liquidity and the auto industry experiencing an unprecedented time.

TIM CLARK NAMED CEO AND PRESIDENT OF HITACHI ASTEMO AMERICAS

Retrieved on: 
Monday, March 27, 2023

FARMINGTON HILLS, Mich., March 27, 2023 /PRNewswire/ -- Tim Clark has been appointed CEO and president of Hitachi Astemo Americas, Inc.

Key Points: 
  • FARMINGTON HILLS, Mich., March 27, 2023 /PRNewswire/ -- Tim Clark has been appointed CEO and president of Hitachi Astemo Americas, Inc.
    Clark is a senior vice president and executive officer of Hitachi Astemo, Ltd.
  • He had been president of Hitachi Astemo Europe, based in Munich, Germany.
  • Hitachi Astemo Americas has more than 20 manufacturing plants, research-and-development centers and sales offices in the U.S., Canada, Mexico and Brazil.
  • Hitachi Astemo, its parent company, was created in 2021 by the merger of Hitachi Automotive Systems with three former Honda affiliates: Nissin Kogyo, Keihin and Showa.

Revive Wins Two ADDY Awards for Its Innovative Real Estate Mobile App and Website

Retrieved on: 
Wednesday, March 22, 2023

The company received a Silver ADDY for its Revive Real Estate Mobile App and a Bronze ADDY for its website from the American Advertising Federation of Orange County, an awards program known as the "toughest competition in advertising."

Key Points: 
  • The company received a Silver ADDY for its Revive Real Estate Mobile App and a Bronze ADDY for its website from the American Advertising Federation of Orange County, an awards program known as the "toughest competition in advertising."
  • The Revive mobile app will advance to the District awards competition and potentially, the national competition for the ADDY Awards.
  • Jaggi was one of the lead developers on the Mobile App and website, working closely with Mansoor Bahramand, Head of Engineering at Revive.
  • This year marks the 55th anniversary of the American Advertising Federation's establishment in Orange County.

Rear passenger protection falls short in most midsize SUVs

Retrieved on: 
Tuesday, March 14, 2023

ARLINGTON, Va., March 14, 2023 (GLOBE NEWSWIRE) -- Most midsize SUVs offer inadequate front crash protection for passengers seated in the rear, the latest crash test ratings from the Insurance Institute for Highway Safety show.

Key Points: 
  • ARLINGTON, Va., March 14, 2023 (GLOBE NEWSWIRE) -- Most midsize SUVs offer inadequate front crash protection for passengers seated in the rear, the latest crash test ratings from the Insurance Institute for Highway Safety show.
  • Although the test still includes a driver dummy, rear passenger protection is the main thing currently differentiating vehicles in this test.
  • Of 13 midsize SUVs tested, only four — the Ford Explorer, Ford Mustang Mach-E, Subaru Ascent and Tesla Model Y — earn good ratings.
  • This isn’t because the rear seat has become less safe, but because restraint technologies have only improved in the front seat.

Set It and Forget It: LetYouKnow Launches “Autopilot” Sales Automation for Dealerships

Retrieved on: 
Tuesday, March 7, 2023

LetYouKnow empowers new car dealerships to anonymously list their vehicles by automatically setting different pricing strategies determined by floor planning and market conditions.

Key Points: 
  • LetYouKnow empowers new car dealerships to anonymously list their vehicles by automatically setting different pricing strategies determined by floor planning and market conditions.
  • Dealership pricing thresholds are also encrypted to ensure that LetYouKnow transactions won’t affect or disrupt dealerships’ ongoing walk-in sales.
  • They can either search deals or name their own prices at LetYouKnow.com (or on its apps) within their desired search radius.
  • Today, LetYouKnow’s AI-driven technology is connecting consumers with dealerships and changing how new cars are sold by dealerships and purchased by consumers.

EV Service Jolts J.D. Power CSI Study Results, Resulting in First Satisfaction Decline in Nearly 30 Years

Retrieved on: 
Thursday, March 9, 2023

Customer Service Index (CSI) Study,SM released today, satisfaction with the service experience declines 2 points to 846 (on a 1,000-point scale) in this year’s study.

Key Points: 
  • Customer Service Index (CSI) Study,SM released today, satisfaction with the service experience declines 2 points to 846 (on a 1,000-point scale) in this year’s study.
  • Customer service satisfaction among owners of BEVs is 42 points lower than among owners of internal combustion engine (ICE) vehicles.
  • The study measures satisfaction with service at franchised dealer or aftermarket service facilities for maintenance or repair work among owners and lessees of one- to three-year-old vehicles.
  • These measures are (in order of importance): service quality (32%); service advisor (19%); vehicle pick-up (19%); service facility (15%); and service initiation (15%).

Cadillac Dealers Ranked Highest in Auto Industry Study Measuring Responsiveness to Website Customer Inquiries

Retrieved on: 
Monday, March 6, 2023

General Motors’ Cadillac dealerships were ranked highest according to the 2023 Pied Piper PSI® Internet Lead Effectiveness® (ILE®) Study, which measured responsiveness to Internet leads coming though dealership websites.

Key Points: 
  • General Motors’ Cadillac dealerships were ranked highest according to the 2023 Pied Piper PSI® Internet Lead Effectiveness® (ILE®) Study, which measured responsiveness to Internet leads coming though dealership websites.
  • View the full release here: https://www.businesswire.com/news/home/20230305005001/en/
    2023 Pied Piper PSI® Auto Industry Internet Lead Effectiveness® Study (USA) (Graphic: www.piedpiperpsi.com)
    “Auto dealers industrywide were quicker on average to respond to their website customers this year,” said Fran O’Hagan, CEO of Pied Piper.
  • Brands with the greatest improvement since last year’s study were Polestar, Rivian, Ford, MINI, Volkswagen, Jaguar and Hyundai.
  • The 2023 Pied Piper PSI-ILE Study (U.S.A. Auto) was conducted between July 2022 and January 2023 by submitting website inquiries directly to a sample of 5,428 dealerships nationwide representing all major automotive brands.

New-Vehicle Transaction Prices Trend Downward as Incentives Rise, According to Kelley Blue Book

Retrieved on: 
Wednesday, March 8, 2023

Transaction prices last month were up 5.3% ($2,466) from year-ago levels, according to data released today by Kelley Blue Book, a Cox Automotive company.

Key Points: 
  • Transaction prices last month were up 5.3% ($2,466) from year-ago levels, according to data released today by Kelley Blue Book, a Cox Automotive company.
  • According to Kelley Blue Book calculations, new-vehicle ATPs have been above the average manufacturer's suggested retail price (MSRP), also known as the sticker price, for more than a year.
  • In February 2023, the average price paid was just $95 more than the average sticker, as prices continued to trend downward relative to sticker price.
  • The average new EV sold for $58,385, according to Kelley Blue Book estimates, which is still well above the industry average.