Last post on Mar 22, 2012 at 7:44 PM
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Mazda CX-7, SUV
#812 of 813 END OF 2012 NO MORE CX-7 BEWARE
Mar 14, 2012 (10:23 am)
Jonathon Ramsey RSS feed
Posted Mar 12th 2012 11:31AM
Mazda is taking the steps necessary to right its financial ship, but when a patient has this kind of issue, the cure can hurt just as much. The small, independent carmaker has been hurt by its relatively Japan-centric manufacturing base and the strength of the yen, the loss of Ford as a noteworthy stakeholder and the resulting loss of financial cushion. Mazda is expected to post a $1.2 billion loss for its 2011 financial year, which is smaller than earlier estimates but it's still the fourth losing year in a row and the largest in a decade.
The need to act has forced Mazda North America into a five-month plan to shed a number of its 701 employees for leaner running. Select employees will be offered a buyout package, and if voluntary uptake isn't sufficient then involuntary dismissals will occur. The timeline begins this month with lump-sum offers, followed by layoffs at the end of May if necessary, and the stretch to August will see the transition of personnel into the restructured organization.
Mazda is also issuing shares to raise $1.9 billion in order to aid its position and get production started in Mexico and Thailand. It is also aggressively seeking a partner and considering licensing its SkyActiv technology.
#813 of 813 DO NOT BUY A MAZDA READ THIS POST
Mar 22, 2012 (7:44 pm)
So here above my comment you will find the link confirming that Mazda will discontinue making the CX7.
Did I mentioned "DISCONTINUED" ...Go figure, the car was manufactured as a 2006 model and only 6 YEARS LATER, THEY CONFIRMED THE END OF PRODUCTION BY DECEMBER 2012.
thank you mazda.
This is how you treat your customers? what are we supposed to do now?
the car will certainly HAVE NO VALUE, forget getting parts and while you are at it why dont you just discontinue all of your cars....
I will go back to buying hondas or toyotas as they seem to be the only cars that hold value!