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Mazda Motor (OTC:MZDAY) Stock, Rapport sur les intérêts à découvert

MAZDA MOTOR CORP

Mazda Motor

Mazda Motor Corp is a Japanese automobile manufacturer. The company primarily manufactures passenger cars and commercial vehicles. Also, Mazda manufactures diesel and petroleum gasoline engines, along with manual and automatic transmissions for vehicles. The vast majority of Mazda's production is manufactured locally. The company segments itself across four geographic areas: Japan, North America, Europe, and other markets. The company derives more than half its consolidated revenue from operations in Japan, followed by North America, and then Europe.

MAZDA MOTOR CORP UNSP/ADR by Mazda Motor Corp.

Mazda Motor Corp

The U.S. Commerce Secretary&nbsp;Howard Lutnick&nbsp;has disclosed that American auto CEOs are in favor of President&nbsp;Donald Trump&#8217;s&nbsp;new trade deal with Japan.
What Happened:&nbsp;&nbsp;Lutnick, in an interview on&nbsp;<a href="https://www.cnbc.com/2025/07/24/lutnick-trump-japan-deal-auto-trade-tariffs.html?ref=biztoc.com">CNBC</a>&nbsp;on Thursday, stated that American auto CEOs have expressed their acceptance of the new trade agreement. The deal, announced by Trump earlier this week, could potentially levy lower tariffs on Japanese car imports compared to vehicles produced by U.S.&nbsp;companies in Canada and Mexico.
Despite objections from the American Automotive Policy Council, a group representing major U.S. automakers such as General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), Ford (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), and Stellantis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>), Lutnick dismissed their concerns. "Oh, my God, that's just so silly," said the Commerce Secretary, emphasizing that there would be no tariffs on the U.S. automakers if they build in America.
Under the new agreement, Japan will face a 15% tariff on cars exported to the U.S., while American automakers will be hit with a 25% tariff on vehicles they produce in Canada and Mexico and bring into the U.S. This has led to a surge in the shares of Japanese automakers such as&nbsp;Toyota&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>),&nbsp;Honda&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>),&nbsp;Nissan&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/NSANY#OTC">NSANY</a>), and&nbsp;Mazda&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/MZDAY#OTC">MZDAY</a>).
However, Lutnick maintained that the CEOs he spoke with did not oppose the deal.
SEE ALSO:&nbsp;<a href="https://benzinga.com/crypto/cryptocurrency/25/07/46612914/bitcoin-could-go-to-300000-before-great-depression-crisis-traders-argue" target="_blank" rel="noreferrer noopener">Bitcoin Could Go To $300,000 Before &#8216;Great Depression&#8217; Crisis, Traders Argue &#8211; Benzinga</a>
Why It Matters: This new trade agreement comes on the heels of Trump announcing a $550 billion trade deal with Japan, which is expected to create hundreds of thousands of jobs. The deal also involves Japan opening its markets to US cars, trucks, rice, and other agricultural products, while agreeing to a reciprocal tariff of 15% on US imports.
However, not everyone is optimistic about the deal. Economist Justin Wolfers argues that the deal essentially results in a <a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46622277/trumps-trade-deal-with-japan-a-tax-on-americans-economist-says-not-remotely-optimistic-us-auto-companies-will-gain-as-toyota-and-honda-stocks-rally">tax increase</a> for American consumers. He further states that the narrative surrounding the deal is confusing and misleading.
Moreover, the acceptance of the deal by Japan is seen by some market commentators as a sign of a deeper <a href="https://www.benzinga.com/crypto/25/07/46594681/japan-accepting-trump-trade-deal-a-sign-of-desperation-market-commentator-says-bitcoin-and-gold-have-known-this-for-a-long-time">economic crisis</a>. They suggest that Japan accepted an unfavorable deal involving a $550 billion investment in the US, with the US receiving 90% of the profits.
Following the announcement of the deal, Japan&#8217;s 10-year bond yields surged to 1.59%, a level not seen since 2008, indicating potential economic instability.
READ MORE: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/economic-data/25/07/46512424/howard-lutnick-says-trumps-august-1-tariff-hard-deadline-is-final-smaller-nations-face-10-base-rate">Howard Lutnick Says Trump&#8217;s August 1 Tariff &#8216;Hard Deadline&#8217; Is Final — Smaller Nations Face 10% Base Rate </a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Politics

MZDAY

NSANY

STLA

Commerce Secretary Howard Lutnick Dismisses 'Silly' Concerns Of US Automakers Over Japan Trade Deal, Says They're 'Cool' With It

Economist Justin Wolfers is pushing back against the narrative surrounding President Donald Trump&#8217;s new trade agreement with Japan, arguing that the deal essentially results in a tax increase for American consumers.
What Happened: On Thursday, in a post on X, Wolfers addressed what he refers to as a &#8220;confusion in the reporting&#8221; of Trump&#8217;s latest trade deal with Japan. &#8220;So let me clarify,&#8221; he says, accompanied by a video of his recent appearance on MSNBC.
In the clip, Wolfers says, &#8220;the most important thing for viewers to think about is the framing. So if you began by saying that [the] tariff on Japan has gone from 25% to 15%, it would feel like he'd negotiated a great deal. That's not what happened here.&#8221;
See Also: <a href="https://www.benzinga.com/markets/eurozone/25/07/46514335/chrysler-jeep-parent-company-stellantis-expects-2-7-billion-net-loss-in-first-half-of-2025-as-trump-tariffs-cause-uncertainty">Chrysler, Jeep Parent Company Stellantis Expects $2.7 Billion Net Loss In First Half Of 2025 As Trump Tariffs Cause Uncertainty</a>
Wolfers notes that the tariffs on Japanese imports were previously just 2%, &#8220;so the biggest thing Trump has done is he's raised taxes on Americans who import goods from Japan from 2% to 15%.&#8221;
The deal's potential impact on U.S. automakers is also in question, as Wolfers pushed back against claims that the deal could open up the Japanese market to American manufacturers. &#8220;I am not remotely optimistic,&#8221; he says, adding that the reason why the Japanese don&#8217;t buy American cars is that they prefer smaller cars. 
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">It&#39;s been a little disheartening to hear so much confusion in the reporting on Trump&#39;s new trade deal with Japan. So let me try to clarify. <a href="https://t.co/ynsLMwgzLr">pic.twitter.com/ynsLMwgzLr</a>
&mdash; Justin Wolfers (@JustinWolfers) <a href="https://twitter.com/JustinWolfers/status/1948460631851471275?ref_src=twsrc%5Etfw">July 24, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Why It Matters: Fund manager Spencer Hakimian noted early this week that the announcement of the trade deal <a href="https://www.benzinga.com/markets/market-summary/25/07/46563227/trump-trade-deal-with-japan-sends-toyota-mazda-stock-soaring-nikkei-rises-sharply">sent Japanese automaker</a> Toyota Motor Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) soaring, despite the 15% tariffs being announced on all imports from Japan. 
He attributes this to the fact that while American automakers have to 50% more for steel and copper, on account of the tariffs, alongside similar tariffs on their production in China, Mexico and Canada, Toyota only pays 15%, and &#8220;they&#8217;re done with all the shenanigans.&#8221;
Japanese auto stocks have been rallying since the trade deal was announced, in sharp contrast to their American counterparts. 
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td class="has-text-align-center" data-align="center">Stocks</td>
<td class="has-text-align-center" data-align="center">Year-To-Date Performance</td>
<td class="has-text-align-center" data-align="center">Gains Since Trade Deal</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Toyota Motor Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>)</td>
<td class="has-text-align-center" data-align="center">-0.76%</td>
<td class="has-text-align-center" data-align="center">+12.84%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Subaru Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FUJHY#OTC">FUJHY</a>)</td>
<td class="has-text-align-center" data-align="center">+12.37%</td>
<td class="has-text-align-center" data-align="center">+18.58%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Nissan Motor Co. Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NSANY#OTC">NSANY</a>)</td>
<td class="has-text-align-center" data-align="center">-24.13%</td>
<td class="has-text-align-center" data-align="center">+9.61%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Mazda Motor Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MZDAY#OTC">MZDAY</a>)</td>
<td class="has-text-align-center" data-align="center">Flat</td>
<td class="has-text-align-center" data-align="center">+19.57%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Honda Motor Co. Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>)</td>
<td class="has-text-align-center" data-align="center">+18.15%</td>
<td class="has-text-align-center" data-align="center">+10.93%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Mitsubishi Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MSBHF#OTC">MSBHF</a>)</td>
<td class="has-text-align-center" data-align="center">+26.42%</td>
<td class="has-text-align-center" data-align="center">+6.20%</td>
</tr>
</tbody>
</table>
</figure>
On Wednesday, Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) warned that it could face &#8220;a few rough quarters&#8221; as a result of the tariffs imposed by President Donald Trump. The company further noted that it faced $300 million <a href="https://www.benzinga.com/markets/earnings/25/07/46594381/elon-musk-says-tesla-could-face-a-few-rough-quarters-as-ev-incentives-expire-and-trump-tariff-pressures-mount">in additional costs</a> during its second quarter, due to the same.
Early this week, General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) announced that it faced a $1.1 billion <a href="https://www.benzinga.com/markets/earnings/25/07/46542820/general-motors-faces-tariffs-heat-margins-shrink">tariff-related headwind</a> during its second quarter.
Price Action: Shares of Toyota were down 0.79% on Thursday, trading at $191.66, and another 1.13% after hours. 
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="147" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/24235313/Screenshot-2025-07-25-at-9.23.02-AM-1024x147.png" alt="" class="wp-image-1000017" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/24235313/Screenshot-2025-07-25-at-9.23.02-AM-1024x147.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/24235313/Screenshot-2025-07-25-at-9.23.02-AM-300x43.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/24235313/Screenshot-2025-07-25-at-9.23.02-AM-768x110.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/24235313/Screenshot-2025-07-25-at-9.23.02-AM.png 1536w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
According to Benzinga&#8217;s Edge Stock Rankings, Toyota shares score high on Growth, Value and Quality, with a favorable price trend in the short, medium and long term. Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a> for deeper insights into the stock, and to see how it compares with its U.S.-based competitors.
Photo Courtesy: Alec Issigonis on Shutterstock.com
Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/movers/25/07/46581998/stellantis-shares-surge-on-u-s-eu-tariff-deal-prospects-whats-going-on">Stellantis Shares Surge On U.S.-EU Tariff Deal Prospects: What&#8217;s Going On?</a></li>
</ul>

Asia

Government

Large Cap

News

Regulations

Global

Markets

FUJHY

MSBHF

TSLA

Trump's Trade Deal With Japan A Tax On Americans — Economist Says, 'Not Remotely Optimistic' US Auto Companies Will Gain As Toyota And Honda Stocks Rally

As President Donald Trump announced 15% tariffs on Japanese imports after reaching an agreement with Japanese officials, shares of some of Europe's top automakers rallied, hoping for similar breakthroughs.
What Happened: Shares of German automakers Bayerische Motoren Werke AG (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BAMXF#OTC">BAMXF</a>), Volkswagen AG (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>) and Mercedes-Benz Group AG (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MBGYY#OTC">MBGYY</a>) were all up 5% following the news.
Meanwhile, Stellantis NV's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>) shares soared 7.1% in the European market as well. The Stoxx Europe autos index also rose 4.2% following the news, the report suggests.
However, Rella Suskin, Equity Analyst at Morningstar, according to a CNBC <a href="https://www.cnbc.com/2025/07/23/autos-us-japan-trade-deal-raises-hopes-of-an-eu-tariff-breakthrough.html">report</a>, said it&#8217;s "impossible to predict" whether a similar breakthrough could be reached with other regions like the EU, but it could prove to be difficult as the "figures do not come close to Japan's commitment," Suskin said. 
"EU negotiators have also proposed removing their 10% duties on US car exports if the U.S. reduces its duties on the sector to below 20%," Suskin said.
Why It Matters: The news comes as Trump said <a href="https://www.benzinga.com/markets/economic-data/25/07/46562556/trump-says-550-billion-trade-deal-with-japan-reached-that-will-create-thousands-of-jobs-there-has-never-been-anything-like-it">the deal with Japan</a>, worth $550 billion, "will create Hundreds of Thousands of Jobs," with 90% of the profits going to the U.S.
Trump's trade deal with the country has <a href="https://www.benzinga.com/markets/market-summary/25/07/46563227/trump-trade-deal-with-japan-sends-toyota-mazda-stock-soaring-nikkei-rises-sharply">sent the stocks</a> of companies like Toyota Motor Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>), Mazda Motor Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MZDAY#OTC">MZDAY</a>), etc. soaring, with the Nikkei and Topix indices up 3.10% and 2.71% respectively.
Elsewhere, General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) announced its <a href="https://www.benzinga.com/markets/equities/25/07/46564633/gm-says-chevy-is-now-the-no-2-ev-brand-in-us-4-billion-factory-push-to-offset-trump-tariffs">quarterly earnings report</a> for the second quarter of 2025 and said it would be offsetting at least 30-40% of the additional costs due to Trump's tariffs.
Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/eurozone/25/07/46514335/chrysler-jeep-parent-company-stellantis-expects-2-7-billion-net-loss-in-first-half-of-2025-as-trump-tariffs-cause-uncertainty">Chrysler, Jeep Parent Company Stellantis Expects $2.7 Billion Net Loss In First Half Of 2025 As Trump Tariffs Cause Uncertainty</a></li>
</ul>
Photo Courtesy: Gsign76 On Shutterstock.com

Equities

BAMXF

MERCEDES-BENZ UNSP / ADR by Mercedes Benz Group AG

MBGYY

VWAGY

BMW, Volkswagen, Stellantis Rally As Trump's Japan Trade Pact Fuels Hopes For EU Deal — But Analysts Warn It's 'Impossible To Predict'

Japan&#8217;s benchmark Nikkei 225 rose sharply on Wednesday, after President Donald Trump finalized the long-anticipated trade deal <a href="https://www.benzinga.com/markets/economic-data/25/07/46562556/trump-says-550-billion-trade-deal-with-japan-reached-that-will-create-thousands-of-jobs-there-has-never-been-anything-like-it">between Washington and Tokyo</a>.
As part of the $550 billion deal, Japan will open its markets to American cars, trucks, rice and other agricultural products, while agreeing to a 15% tariff on American imports from the nation. 
See Also: <a href="https://www.benzinga.com/markets/eurozone/25/07/46514335/chrysler-jeep-parent-company-stellantis-expects-2-7-billion-net-loss-in-first-half-of-2025-as-trump-tariffs-cause-uncertainty">Chrysler, Jeep Parent Company Stellantis Expects $2.7 Billion Net Loss In First Half Of 2025 As Trump Tariffs Cause Uncertainty</a>
Both the Nikkei and Topix indices are up 3.10% and 2.71%, trading at 41,006.00 and 2,912.98, respectively, led by auto stocks. Mazda Motor Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MZDAY#OTC">MZDAY</a>) leads the way, up 17%, followed by Mitsubishi Motors Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MSBHF#OTC">MSBHF</a>) and Toyota Motor Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>), up by 12.90% and 13.10%, respectively.
The Japanese Yen is down 0.17% against the U.S. Dollar on Wednesday, trading at 146.51, at the time of writing.
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Toyota is up +8% on the news of a 15% tariff. Why? It&#39;s simple. Ford, GM, Tesla, and all the other American manufacturers are going to be paying 50% more for their steel, 50% more for their copper, 25% more for their Canadian production, 25% more for their Mexican production,… <a href="https://t.co/k6vHpFFLZp">pic.twitter.com/k6vHpFFLZp</a>
&mdash; Spencer Hakimian (@SpencerHakimian) <a href="https://twitter.com/SpencerHakimian/status/1947821113792201034?ref_src=twsrc%5Etfw">July 23, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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According to Spencer Hakimian of Tolou Capital Management, Japanese automakers like Toyota are surging on news of a 15% tariff, because they can now sidestep the tariff issues plaguing their American counterparts, such as those on steel, copper, and their regional production.
&#8220;Toyota only has to pay 15% more and they&#8217;re done with all the shenanigans,&#8221; he says, while adding that the U.S. has given Japanese automakers an advantage over local players, all in hopes of &#8220;bringing auto jobs back to America.&#8221;
U.S. stock futures are trading flat on Tuesday night, with S&amp;P 500 futures up 0.06%, trading at 6,309.62, Nasdaq Futures down 0.39%, at 20,892.69 and Dow Futures at 44,502.44, up 0.40%.
Photo Courtesy: FreelySky on Shutterstock.com
Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/07/46487092/as-trump-axes-ev-incentives-elon-musks-tesla-announces-new-offers-amid-sluggish-us-sales">As Trump Axes EV Incentives, Elon Musk&#8217;s Tesla Announces New Offers Amid Sluggish US Sales</a></li>
</ul>

Pre-Market Outlook

Trump Trade Deal With Japan Sends Toyota, Mazda Stock Soaring, Nikkei Rises Sharply

Mazda Motor (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MZDAY#OTC">MZDAY</a>) reported quarterly earnings of $0.12 per share. This is a 47.83 percent decrease over earnings of $0.23 per share from the same period last year. The company reported $8.72 billion in sales this quarter. This is a 2.57 percent increase over sales of $8.50 billion the same period last year.

Earnings

Mazda Motor Q4 GAAP EPS $0.12 Down From $0.23 YoY, Sales $8.72B Up From $8.50B YoY

The newly imposed <a href="https://www.benzinga.com/government/regulations/25/03/44517885/trump-slaps-25-tariffs-on-autos-what-it-means-for-your-next-car-purchase">25% auto tariff</a> threatens to disrupt the global automotive industry, with analysts warning of sharp price increases and declining sales.
Goldman Sachs <a href="https://www.benzinga.com/25/03/44515578/trumps-25-tariff-set-to-hike-imported-car-prices-up-to-15000-higher-goldman-sachs-warns">estimates that imported </a>vehicle prices could rise by $5,000 to $15,000, while even U.S.-built cars could see cost hikes of $3,000 to $8,000 due to foreign-made parts. Here&#8217;s what analysts have predicted so far:
<ul>
<li>According to JPMorgan's Akira Kishimoto, Japanese automakers could face a potential hit of 4.46 trillion yen (about $29.44 billion), with Nissan Motor Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NSANY#OTC">NSANY</a>), Mazda Motor Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MZDAY#OTC">MZDAY</a>) and Subaru (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FUJHY#OTC">FUJHY</a>) among the most vulnerable due to their reliance on imported vehicles. Toyota Motor Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) remains JPMorgan's top pick, given its resilience and strong fundamentals, while Suzuki Motor (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SZKMY#OTC">SZKMY</a>) and Isuzu Motors (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ISUZY#OTC">ISUZY</a>) are also favored among mid-tier manufacturers. Read Also: <a href="https://www.benzinga.com/25/03/44515578/trumps-25-tariff-set-to-hike-imported-car-prices-up-to-15000-higher-goldman-sachs-warns">Trump&#8217;s 25% Tariff Set To Hike Imported Car Prices Up To $15,000 Higher, Goldman Sachs Warns</a> </li>
<li>RBC Capital Markets&#8217; Tom Narayan warns that German automakers like Mercedes-Benz Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MBGYY#OTC">MBGYY</a>) and BMW Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BMWKY#OTC">BMWKY</a>) are at high risk, though potential retaliatory tariffs from Europe could deter further escalation. Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) may benefit due to its U.S.-based production, while Ferrari NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RACE#NYSE">RACE</a>) is expected to pass costs onto its high-end buyers. </li>
<li>JPMorgan autos analyst Ryan Brinkman has slashed price targets for major U.S. automakers, cutting General Motors Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) by 17% to $53 from $64, Ford Motor Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) by 15% to $11 from $13, and Ferrari by 12% to $460 from $525, citing heightened earnings risk. </li>
</ul>
With uncertainty around auto demand and the potential for sales fluctuations, investors remain cautious as the industry assesses the economic impact of these sweeping tariffs.
Read Next:
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Photo: Shutterstock

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Japanese Automakers Face $29 Billion Tariff Hit, Nissan, Mazda, Subaru Most At Risk, Says Analyst

Mazda Motor (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MZDAY#OTC">MZDAY</a>) reported quarterly losses of $(0.08) per share. This is a 120.51 percent decrease over earnings of $0.39 per share from the same period last year. The company reported $7.98 billion in sales this quarter. This is a 5.94 percent decrease over sales of $8.49 billion the same period last year.

Mazda Motor Q2 EPS $(0.08) Down From $0.39 YoY, Sales $7.98B Down From $8.49B YoY

Mazda Motor (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MZDAY#OTC">MZDAY</a>) is looking for FY2025 GAAP EPS of $1.49. seessales of $33.590 billion.

Guidance

Mazda Motor Sees FY2025 GAAP EPS JPY 222.10; Sees Sales JPY 5000B.

The stock prices of major Japanese automakers, including Toyota Motor Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TOYOF#OTC">TOYOF</a>), Mazda Motor Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MZDAY#OTC">MZDAY</a>), Honda Motor Co., Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HNDAF#OTC">HNDAF</a>), and Suzuki Motor Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SZKMY#OTC">SZKMY</a>), have taken a hit following a safety scandal.
What Happened: The Japanese transport ministry discovered that false data was used to certify certain models, leading to a significant drop in the stock prices of these automakers, <a href="https://www.cnbc.com/2024/06/10/shares-of-toyota-mazda-honda-suzuki-fall-after-safety-scandal.html">reported</a> CNBC on Sunday.
Toyota, the largest carmaker in Japan, saw its shares plummet by over 5.4% last week, resulting in a market value loss of 2.45 trillion Japanese yen ($15.62 billion). Mazda, the second-largest automaker in Japan, experienced a 7.7% fall in its shares, leading to a market capitalization loss of 80.33 billion yen ($511.8 million).
Other automakers, including Honda, Suzuki, and Yamaha, were also found to have submitted false test data or falsified vehicles used in crash tests. This led to a drop in their stock prices as well.
Last week, Toyota announced a temporary halt in shipments and sales of three models made in Japan: the Corolla Fielder, Corolla Axio, and Yaris Cross, following an investigation by the ministry. 
Toyota&#8217;s Chairman Akio Toyoda apologized for the discrepancy, admitting that seven models were tested using methods that differ from the standards defined by the national authorities. 
Similarly, Mazda suspended the Roadster RF and Mazda 2 from May 30. Both companies assured customers that they can still drive their cars.
See Also: <a href="https://www.benzinga.com/markets/equities/24/06/39222340/forget-tesla-and-rivian-americas-iconic-school-bus-maker-smokes-ev-auto-giants-with-117-stock-su?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Forget Tesla And Rivian: America&#8217;s Iconic School Bus Maker Smokes EV, Auto Giants With 117% Stock Surge</a>
Why It Matters: The recent scandal comes on the heels of a broader investigation into Japanese automakers. Last week, the Ministry of Land, Infrastructure, Transport and Tourism conducted an on-site investigation at Toyota&#8217;s headquarters following the discovery of irregularities in its certification applications. This was part of a comprehensive examination mandated across the industry due to a <a href="https://www.benzinga.com/markets/equities/24/06/39154549/gear-shift-in-japan-toyota-other-auto-giants-reportedly-under-inspection-over-certification-scan">safety test scandal</a> involving Toyota&#8217;s Daihatsu unit.
Furthermore, on Friday, reports surfaced that Mitsubishi UFJ Financial Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUFG#NYSE">MUFG</a>) and Sumitomo Mitsui Financial Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMFG#NYSE">SMFG</a>) <a href="https://www.benzinga.com/markets/equities/24/06/39228602/japanese-mega-banks-plan-8-5b-toyota-stake-sale-report">plan to divest approximately</a> 1.32 trillion yen ($8.5 billion) worth of strategic shareholdings in Toyota. This move is part of a broader strategy to dismantle cross-held shares and mitigate adverse effects on Toyota&#8217;s share price. The banks will leverage Toyota&#8217;s recent 1 trillion yen buyback initiative. 
Toyota stock has gained more than 36% in the last 12 months. Investors can gain exposure to the stock via Avantis International Large Cap Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVIV#NYSE">AVIV</a>) and ActivePassive International Equity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APIE#NYSE">APIE</a>)
Read Next: <a href="https://www.benzinga.com/markets/equities/24/06/39202077/it-needs-to-end-elon-musk-rages-again-against-corrupted-lie-of-esg-scores-after-teslas-low-ratin?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;It Needs To End:&#8217; Elon Musk Rages Again Against &#8216;Corrupted Lie&#8217; Of ESG Scores After Tesla&#8217;s Low Rating Puzzles Cathie Wood</a>
Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

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Toyota's Market Value Plunges Over $15B Amid Test Falsification Scandal; Mazda, Honda, Suzuki Follow Suit

Japanese transportation ministry officials reportedly conducted an on-site investigation at the headquarters of Toyota Motor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) following the discovery of irregularities in its applications to certify specific vehicle models.
The broadening repercussions of the certification test issues originated from a safety test scandal involving Toyota&#8217;s Daihatsu compact car unit, reported Reuters.
This situation has also affected other Japanese automakers, as the ministry has mandated comprehensive examinations of certification procedures across the industry.
According to the report, Toyota, Mazda Motor Corp.(OTC:<a class="ticker" href="https://www.benzinga.com/stock/MZDAY#OTC">MZDAY</a>), Honda Motor Company, Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>), Suzuki Motor Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SZKMY#OTC">SZKMY</a>), and Yamaha Motor Co., Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/YMHAY#OTC">YMHAY</a>) acknowledged that they had provided either inaccurate or altered data during the vehicle certification process.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/05/39036874/toyota-subaru-mazda-aim-for-carbon-neutral-future-in-engine-development-details" rel="noreferrer noopener">Toyota, Subaru, Mazda Aim For Carbon-Neutral Future In Engine Development: Details</a>
As per the ministry official, Toyota was the first company to undergo an inspection after being identified on Monday, and the remaining four automakers are also scheduled for inspections, per the report.
The report further cited some analysts who commented that Toyota would be under more pressure to strengthen governance, while others said the impact on sales is likely to be limited given that it is only suspending three model sales and many domestic rivals also fell short of ministry standards.
Yesterday, Toyota announced a temporary halt on shipments and sales of three models in Japan, <a target="_blank" href="https://www.benzinga.com/markets/asia/24/06/39132201/toyota-temporarily-halts-shipments-and-sales-of-three-models-in-japan-after-government-finds-falsifi" rel="noreferrer noopener">effective immediately, amid a safety scandal</a>.
Toyota Motor disclosed on Monday in a press release that it is suspending shipments and sales of the Corolla Fielder, Corolla Axio, and Yaris Cross models in Japan.
Toyota stock has gained more than 45% in the last 12 months. Investors can gain exposure to the stock via&nbsp;Avantis International Large Cap Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVIV#NYSE">AVIV</a>)&nbsp;and&nbsp;ActivePassive International Equity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APIE#NYSE">APIE</a>).
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/05/39035745/toyota-to-terminate-massive-olympic-sponsorship-deal-after-paris-games-report" rel="noreferrer noopener">Toyota To Terminate Massive Olympic Sponsorship Deal After Paris Games: Report</a>
Price Action: TM shares are up 0.16% at $212.50 premarket at the last check Tuesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image &#8211; Shutterstock

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Gear Shift In Japan: Toyota & Other Auto Giants Reportedly Under Inspection Over Certification Scandal

Toyota Motor Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>),&nbsp;along with&nbsp;Subaru Corporation&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/FUJHF#OTC">FUJHF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FUJHY#OTC">FUJHY</a>),&nbsp;&nbsp;and&nbsp;Mazda Motor Corporation&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/MZDAF#OTC">MZDAF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MZDAY#OTC">MZDAY</a>),&nbsp;have committed to&nbsp;<a target="_blank" href="https://global.toyota/en/newsroom/corporate/40850156.html" rel="noreferrer noopener">developing&nbsp;</a>engines designed for electrification and carbon neutrality.
The new engines will optimize integration with electric motors, batteries, and other drive&nbsp;components,&nbsp;while&nbsp;also&nbsp;enhancing vehicle design with more compact configurations.
These companies are expanding their options to decarbonize internal combustion engines by making them compatible with&nbsp;various&nbsp;carbon-neutral fuels.
They are working to ensure a future for supply chains and jobs connected to engines.&nbsp;Through extreme&nbsp;conditions in racing, they have broadened powertrain and fuel options, including vehicles running on liquid hydrogen and carbon-neutral fuels.
The new generation of engines will&nbsp;not only enhance standalone performance but also&nbsp;optimize their integration with electric drive units.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/05/38893696/toyota-faced-major-delays-at-mexican-plant-due-to-labor-shortages" rel="noreferrer noopener">Toyota Faced Major Delays At Mexican Plant Due To Labor Shortages</a>
These engines will be compact, allowing for improved vehicle design and aerodynamic performance while meeting stringent emissions regulations.
The&nbsp;advanced&nbsp;engines will shift away from fossil fuels,&nbsp;supporting&nbsp;alternatives like synthetic fuel, biofuels, and liquid hydrogen.
The development&nbsp;is&nbsp;seen&nbsp;as&nbsp;a significant step toward broader adoption of carbon-neutral fuels.
Koji Sato,&nbsp;CEO of Toyota&nbsp;said, &#8220;In order to provide our customers with diverse options to achieve carbon neutrality,&nbsp;it is necessary to&nbsp;take on the challenge of evolving engines that are in tune with the energy environment of the future.&#8221;
Despite their competition in the market, Subaru, Toyota, and Mazda share a commitment to carbon neutrality. They aim to create a sustainable future for Japan&#8217;s auto industry through collaboration with partners.
Price Action: TM shares closed higher by 0.99% at $216.84 on Friday.
Disclaimer:&nbsp;This content was partially produced&nbsp;with the help of&nbsp;AI tools and&nbsp;was&nbsp;reviewed and published by Benzinga editors.
Read Next:<a href="https://www.benzinga.com/news/24/05/38875858/honda-commits-65b-to-electrification-by-2030" target="_blank" rel="noreferrer noopener"> Honda Commits $65B To Electrification By 2030</a>
Photo by aleksandr-popov- for Unsplash

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Toyota, Subaru, Mazda Aim For Carbon-Neutral Future In Engine Development: Details

Toyota Motor Corp&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) has reportedly honored its labor union&#8217;s requests for salary and bonus increases for the fourth consecutive year, indicating a potential sustainable wage-price cycle in Japan&#8217;s economy.
The agreement with its unions, announced on Wednesday, led to a surge in the yen and a drop in government bond futures, hinting at anticipation of actions by the Bank of Japan, according to a report from&nbsp;<a target="_blank" href="https://www.bloomberg.com/news/articles/2024-03-13/toyota-agrees-to-union-pay-hikes-bolsters-boj-policy-shift-view?srnd=industries-consumer&amp;sref=TBDibEcD" rel="noreferrer noopener">Bloomberg</a>.
Toyota&#8217;s agreements set a precedent for wage trends among major companies, employing over 5 million individuals, showcasing its pivotal role in Japan&#8217;s economic landscape.
The agreement with Toyota follows similar moves by other automakers like&nbsp;Honda Motor Co Ltd&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>) and&nbsp;Mazda Motor Corp&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/MZDAY#OTC">MZDAY</a>), reflecting a broader push for wage growth that surpasses inflation, the report adds.
The outcomes of these negotiations are expected to prompt the Bank of Japan to consider policy shifts, potentially marking the end of Japan&#8217;s prolonged negative interest rate regime by April, the report cited economists.
Read Next:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/03/37450838/toyota-to-infuse-2-2b-in-brazilian-automotive-sector-report" rel="noreferrer noopener">Toyota To Infuse $2.2B In Brazilian Automotive Sector: Report</a>
Price Action: TM shares are trading lower by 1.98% at $233.23 in premarket on the last check Wednesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image via Shutterstock

General

Driving Change: Toyota Reportedly Gives Green Light To Higher Wages

Co-development deal aims to create a more seamless, intuitive experience for 2025-2027 Mazda car models and beyond
Unity (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/U#NYSE">U</a>), the world&#39;s leading platform of tools for creators to build and grow real-time games, apps, and experiences across multiple platforms, announced today a new partnership with Mazda Motor Corporation (&quot;Mazda&quot;) to develop a next-generation in-cabin car experience that will deliver a more seamless on-road experience for drivers. The agreement is part of Mazda&#39;s research and development efforts for continuous evolution in the cockpit HMI area, and the GUI to be developed is expected to be installed in models scheduled for introduction from Phase 2 (2025-2027) onwards under Mazda&#39;s 2030 Management Policy.

Unity Partners With Mazda To Develop A Next-Generation In-Cabin Car Experience For 2025-2027 Mazda Car Models And Beyond

Toyota Motor Corp&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) didn&#8217;t make an offer to meet union demands for pay increases amid ongoing wage negotiations.
The workers&#8217; union seeks a 7.6-month bonus and undisclosed wage hike. The automaker, which boosted compensation significantly last year, plans to present an offer at the next meeting on March 13, according to a report from&nbsp;<a target="_blank" href="https://www.bloomberg.com/news/articles/2024-03-06/toyota-union-at-impasse-over-pay-hikes-with-boj-policy-in-focus?srnd=industries-consumer&amp;sref=TBDibEcD" rel="noreferrer noopener">Bloomberg</a>.
Given its central role in Japan&#8217;s vast auto manufacturing network, Toyota&#8217;s decisions hold significant weight. The outcome of these negotiations is closely watched, as it could indicate the trajectory of Japan&#8217;s wage-price cycle.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/03/37480148/toyota-revs-up-ev-game-shifts-gears-with-full-ownership-of-peve-for-expanded-battery-production" rel="noreferrer noopener">Toyota Revs Up EV Game: Shifts Gears With Full Ownership Of PEVE For Expanded Battery Production</a>
Prime Minister Fumio Kishida&#8217;s administration advocates for wage growth surpassing inflation, with&nbsp;Honda Motor Co Ltd&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>) and&nbsp;Mazda Motor Corp&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/MZDAY#OTC">MZDAY</a>) already agreeing to wage increases, the report added.
These talks are part of Japan&#8217;s annual spring wage negotiations, with important implications for the country&#8217;s economy and monetary policy.
Also See:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/03/37450838/toyota-to-infuse-2-2b-in-brazilian-automotive-sector-report" rel="noreferrer noopener">Toyota To Infuse $2.2B In Brazilian Automotive Sector: Report</a>
Price Action: TM shares closed higher by 1.78% at $248.19 on Tuesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo by RYO Alexandre on Shutterstock

Toyota, Union Likely To Reach Deal On Pay Hike In Mid-March: Report

Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) may have been caught in a rut amid <a href="https://www.benzinga.com/markets/equities/24/01/36599836/exclusive-cpi-increase-just-a-hiccup-says-cme-economist-inflation-is-well-under-control" target="_blank" rel="noreferrer noopener">economic uncertainty</a> and an industry-wide slowdown. Still, it boasts a robust sales track record in the U.S. over the past eight years compared to traditional legacy automakers. On Thursday, Elon Musk, CEO of the electric vehicle giant, acknowledged and credited the performance.
What Happened: A Tesla influencer shared a graphic on X, formerly Twitter, illustrating volume growth among automakers from 2015 to 2023. Highlighting a 2 million decrease in U.S. light vehicle sales during this period, the influencer showcased a chart indicating that Tesla&#8217;s U.S. sales surged by 632,088 between 2015 and 2018. 
Notably, Hyundai Motor Company&#8216;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HYMTF#OTC">HYMTF</a>) Kia subsidiary, Volkswagen AG (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>), Geely Automobile Holdings Limited (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GELYF#OTC">GELYF</a>), Subaru (owned by Fuji Heavy Industries), and Mazda Motor Corporation (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MZDAY#OTC">MZDAY</a>) were the only automakers reporting positive growth.
In contrast, Detroit&#8217;s big three —&nbsp;General Motors Corp.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>),&nbsp;Ford Motor Co.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), and&nbsp;Stellantis AG&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>) — experienced sales declines of 504,718, 621,750, and 730,638 units, respectively.&nbsp;Toyota Motor Corp.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>), the world&#8217;s largest automaker by volume, recorded a drop of 250,836 units between 2015 and 2023. In response to the post, Musk said: &#8221;Credit to the Tesla team.&#8221;&nbsp;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Credit to the Tesla team <a href="https://t.co/GTzn8DWBOu">https://t.co/GTzn8DWBOu</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1745464332538753309?ref_src=twsrc%5Etfw">January 11, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also:&nbsp;<a target="_blank" href="https://www.benzinga.com/money/everything-you-need-to-know-about-tesla-stock" rel="noreferrer noopener">Everything You Need To Know About Tesla Stock</a>
Why It&#8217;s Important:&nbsp;Tesla recently announced&nbsp;<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/01/36456191/tesla-analysts-call-deliveries-beat-a-major-achievement-but-one-bear-points-out-red" rel="noreferrer noopener">record fourth-quarter deliveries</a>&nbsp;totaling 484,507 units, including models such as the Model 3, Y, S, and X, as well as the Semi and Cybertruck. The company reported annual deliveries of 1.81 million units.
Tesla&#8217;s sales achievements are attributed to factors such as production efficiency, diversified production bases, and product appeal. The company&#8217;s Gigafactories are strategically located in the U.S., China, and Germany, with one under construction in Mexico. Plans are also in place for Tesla to enter the Indian market. Notably, Tesla&#8217;s production processes are more automated compared to traditional legacy counterparts.
Despite ambitious electric vehicle (EV) transitioning plans by U.S. automakers, they have struggled to meet their initial goals. The big three U.S. legacy automakers have scaled back their EV ambitions, with Toyota, for instance, maintaining a focus on hybrid EVs despite entering the pure-play battery EV market.
While Tesla&#8217;s dominance in the EV market may face challenges in the long term due to increasing competition from both legacy automakers and EV startups, its established scale over the years serves as a unique selling proposition. The recent surge in sales by China&#8217;s&nbsp;BYD Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) has positioned it as the biggest battery EV manufacturer, surpassing Tesla in the fourth quarter.
The scale Tesla has built up over the years can be its unique selling proposition if it can execute its strategy.
Tesla ended Thursday&#8217;s session down 2.87% at $227.22, according to<a href="https://benzinga.grsm.io/lxquj26b2sag"> Benzinga Pro data.</a>
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="http://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/01/36588749/teslas-dominance-to-continue-in-2024-but-traditional-automakers-move-to-slow-down-e">Tesla&#8217;s Dominance To Continue In 2024, But Traditional Automakers&#8217; Move To Slow Down EV Game &#8216;Will Come Back To Haunt Them:&#8217; Munster</a>
(Image created with artificial intelligence on MidJourney and Jonathan Weiss on Shutterstock)

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'Credits To The Tesla Team:' Elon Musk Applauds His Workers As EV Giant Eclipses Legacy Automakers' Sales Growth Over 8 Years

<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4059951-1&amp;h=2518729189&amp;u=https%3A%2F%2Fwww.mazdausa.com%2F&amp;a=Mazda+North+American+Operations">Mazda North American Operations</a> (MNAO) today reported total December sales of 39,518 vehicles, an increase of 44.8 percent compared to December 2022. Full-year sales totaled 363,354 vehicles; an increase of 23.2 percent compared to 2022. With 26 selling days in December, compared to 27 the year prior, the company posted an increase of 50.4 percent on a Daily Selling Rate (DSR) basis.
CPO sales totaled 5,130 vehicles in December, an increase of 1.0 percent compared to December 2022.
December 2023 sales highlights include:
<ul>
<li>Best December sales ever with 39,518 vehicles sold.</li>
<li>Best-ever sales of CX-50 with 5,754 vehicles sold.</li>
<li>Best December sales of CX-5 with 20,434 vehicles sold.</li>
<li>Best December sales of CX-30 with 5,672 vehicles sold.</li>
</ul>
In 2023, Mazda achieved many milestones in the US, including:
<ul>
<li>The CX-90 Inline 6 and PHEV began sales in the U.S. in March and has received numerous accolades including Good Housekeeping 2024 Family Travel Award.</li>
<li>In April, Tom Donnelly became MNAO's President and CEO.</li>
<li>Mazda Toyota Manufacturing located in Huntsville, AL, celebrated its fifth anniversary in November.</li>
<li>In early 2023, all tested Mazda vehicles earned the IIHS 2023 TOP SAFETY PICK. These vehicles included the Mazda3 Sedan, Mazda3 Hatchback, CX-30, CX-5, CX-9, and CX-50.</li>
<li>Over the summer we held the very first crash test of 2024 CX-90 in the U.S., earning it IIHS's top-tier award, 2023 TOP SAFETY PICK+.</li>
<li>As the year came to a close, improved pedestrian crash avoidance in 2024 Mazda3 Sedan, Mazda3 Hatchback, and CX-30 earned them upgrades from 2023 TOP SAFETY PICK to TOP SAFETY PICK+.</li>
</ul>
Mazda Canada, Inc., (MCI) reported December sales of 4,461 vehicles, an increase of 62.9 percent compared to December last year. Full-year 2023 sales increased 17.6 percent, with 58,637 vehicles sold.
Mazda Motor de Mexico (MMdM) reported December sales of 7,304 vehicles, an increase of 2.0 percent compared to last year. Full-year 2023 sales increased 57% percent, with 76,017 vehicles sold.
Mazda North American Operations is headquartered in Irvine, California, and oversees the sales, marketing, parts, and customer service support of Mazda vehicles in the United States, Canada, Mexico, and Colombia through approximately 795 dealers. Operations in Canada are managed by Mazda Canada Inc. in Richmond Hill, Ontario; operations in Mexico are managed by Mazda Motor de Mexico in Mexico City; and operations in Colombia are managed by Mazda de Colombia in Bogota, Colombia. For more information on Mazda vehicles, including photography and B-roll, please visit the online Mazda media center at <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4059951-1&amp;h=229646571&amp;u=https%3A%2F%2Fnews.mazdausa.com%2F&amp;a=News.MazdaUSA.com">News.MazdaUSA.com</a>.

Mazda Reports Record December Sales And FY23 Sales Results; Total December Sales Of 39,518 Vehicles, An Increase Of 44.8% YoY; Full-Year Sales Totaled 363,354 Vehicles; An Increase Of 23.2% YoY

The results of an annual survey that explored the reliability of auto brands showed that none of the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/12/36272696/as-gm-ford-struggle-tesla-analyst-has-recommendation-for-jumpstarting-their-sagging">U.S. automakers</a> made it to the top ten.
What Happened: Asian and European automakers took the honors as the most reliable auto brands in 2023, according to the survey by Consumer Reports, a non-profit organization that does independent product testing and consumer-oriented research.
The findings were based on the survey of Consumer Reports&#8217; members regarding the problems they faced with their vehicles in the past year. The data pertained to 330,000 vehicles of model years 2000 to 2023 as well as a few early-introduced 2024 model years.
Toyota Motor Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) and its Lexus luxury brand were the top two most trusted brands in 2023. BMW AG&#8217;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BMWYY#OTC">BMWYY</a>) Mini brand, Honda Motor Company&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>) Acura brand as well as its namesake brand took the third, fourth, and fifth spot, respectively. 
Fuji Industries&#8217; Subaru, in which Toyota has a minority stake, Mazda Motor Corporation (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MZDAY#OTC">MZDAY</a>), Porsche Automobil Holding SE (OTC:<a class="ticker" href="https://www.benzinga.com/stock/POAHY#OTC">POAHY</a>), BMW and Hyundai Motor Company&#8217;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HYMTF#OTC">HYMTF</a>) Kia brand rounded the top ten automakers on the reliability scores.
The overall reliability average score of Asian automakers was 63 on a scale of one to 100 and the metric was 46 for European automakers, Consumer Reports said.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Rank</td>
<td>Auto Brand</td>
<td>Reliability Score</td>
</tr>
<tr>
<td>1</td>
<td>Toyota's Lexus</td>
<td>79</td>
</tr>
<tr>
<td>2</td>
<td>Toyota</td>
<td>76</td>
</tr>
<tr>
<td>3</td>
<td>BMW's Mini</td>
<td>71</td>
</tr>
<tr>
<td>4</td>
<td>Honda's Acura</td>
<td>70</td>
</tr>
<tr>
<td>5</td>
<td>Honda</td>
<td>70</td>
</tr>
<tr>
<td>6</td>
<td>Subaru</td>
<td>69</td>
</tr>
<tr>
<td>7</td>
<td>Mazda</td>
<td>67</td>
</tr>
<tr>
<td>8</td>
<td>Porsche</td>
<td>66</td>
</tr>
<tr>
<td>9</td>
<td>BMW</td>
<td>64</td>
</tr>
<tr>
<td>10</td>
<td>Hyundai's Kia</td>
<td>61</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Data: Consumer Reports</figcaption></figure>
See Also: <a href="https://www.benzinga.com/money/best-auto-manufacturers-stocks">Best Auto Manufacturers Stocks</a>
Domestic Automakers Trail: The average reliability score for the U.S. automakers was 39 and none of them were in the top ten category. Among the U.S. automakers, the highest reliability score was for General Motors Corp.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) Buick brand. Buick was ranked 12th and had a reliability score of 55.
Electric vehicle giant Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) took the 14th position and had a reliability score of 48 compared to top-scorer Lexus&#8217; 79. Tesla was followed by truck manufacturer Ram in the 15th place. The Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) was in the 22nd position.
Domestic brands trailed their Asian and European counterparts, with an average score of 39. 
Other Key Findings: The survey also found that hybrids, which are powered by both the ICE and electric motor working either independently or simultaneously, had 26% fewer problems than cars powered by internal combustion engine vehicles. The reliability of plug-in hybrid vehicles, or PHEVs, which rely mainly on electric motors and use ICE only as a backup, was a mixed bag, Consumer Reports said. They were found to have 146% more problems than ICE vehicles. 
Some PHEVs, including Toyota&#8217;s RAV4 Prime and Kia Sportage, performed above average.
<a href="https://www.benzinga.com/news/23/09/34453211/global-ev-market-share-reaches-15-in-2023-top-players-vehicles-and-companies-dominating-sector">EV sedans and SUVs</a> didn&#8217;t fare very well, with average reliability scores of 44 and 43, respectively. The metric was at a worse 30 for electric pickup trucks. Pureplay electrified vehicles had problems, primarily with EV drive system motors, charging systems, and batteries.
The KraneShares Electric Vehicles and Future Mobility Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KARS#NYSE">KARS</a>) ended Friday&#8217;s session down 0.55% at $25.37, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data.</a>
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/12/36275115/tesla-locked-in-a-wwe-like-standoff-in-scandinavia-says-analyst-why-this-swedish-un">Tesla Locked In a &#8216;WWE-Like&#8217; Standoff In Scandinavia, Says Analyst: Why This Swedish Union Battle Is Important For The EV Giant</a>

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Not Tesla Or Ford: This Foreign Giant Is Most Trusted Auto Brand Of 2023 As US Automakers Trail Behind Asian, European Rivals

Mazda Motor Corp.&#8217;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MZDAY#OTC">MZDAY</a>) global CEO, Masahiro Moro, expects that electric vehicles (EVs) will make up between a quarter and 40% of the automaker&#8217;s global sales by the end of the decade.
What Happened: In a recent <a href="https://www.autonews.com/talk-top/mazda-ceo-masahiro-moro-intentional-follower-evs">interview</a> with Automotive News, Moro, who took over as global CEO of Mazda Motor Corp. this past June, discussed the company&#8217;s future direction. He attributes the brand&#8217;s current positive trajectory, with record-breaking U.S. sales, to his previous position as the head of Mazda&#8217;s North American operations where he promoted larger, platform-specific vehicles that are now driving growth.
On the trajectory of EV sales in the future, Moro said, &#8220;Everyone is scaling back investment or pushing back timelines.&#8221;
The next hurdle for Moro is to oversee the launch of Mazda&#8217;s first dedicated electric vehicle platform and the transition towards 2030. This shift is expected to result in electric cars accounting for up to 40% of Mazda&#8217;s global sales.
Moro also elaborated on Mazda&#8217;s strategy to collaborate closely with its partner, Toyota, on software and electrical infrastructures. The aim is to create a smarter, more socially connected battery EV, with software playing a key role. Almost 90% of the software will be similar to Toyota&#8217;s, including the operating system and hardware.
Moro said on the collaboration, &#8220;It&#8217;s much more efficient because the software is going to the base for many products going forward.&#8221; He said, &#8220;There are many things an individual company can&#8217;t do alone.&#8221;
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/12/36148673/tesla-bull-gary-black-explains-why-rivian-will-likely-be-biggest-beneficiary-of-cyb?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Bull Gary Black Explains Why Rivian Will Likely Be Biggest Beneficiary Of Cybertruck Delivery Launch</a>
He also provided some insight on Mazda&#8217;s new EV platform, expected to debut between 2025 and 2027. The details of the platform are still being fine-tuned in response to evolving regulations and policies. Moro also pointed to the financial unpredictability surrounding the demand for electric vehicles, suggesting that Mazda might initially take a more conservative approach to scaling up.
According to the CEO, Mazda plans to design and manufacture the EV in Japan during Phase 2, from 2025-2027. He also expressed interest in initiating North American production in Phase 3, from 2028 onwards. By 2030, Mazda intends to have seven or eight battery EV models worldwide.
Why It Matters: Mazda&#8217;s announcement comes as many Americans remain hesitant about transitioning to electric vehicles, as highlighted in a recent <a href="https://www.benzinga.com/news/23/10/35215482/most-americans-still-wary-of-evs-and-prefer-toyota-over-tesla-if-they-switched-new-poll">survey</a> conducted by Yahoo Finance and Ipsos.
Notably, other major players in the EV market, such as Tesla Inc have experienced fluctuations in sales, as seen with Tesla&#8217;s <a href="https://www.benzinga.com/government/23/12/36068781/teslas-china-sales-plunge-can-musks-electric-giant-rebound-amid-fierce-competition">China sales drop</a> in November.
Similarly, General Motors and Ford Motors have dealt with their share of <a href="https://www.benzinga.com/23/07/33286285/gm-and-ford-are-having-ev-difficulties">EV difficulties</a>, including supply chain disruptions and weakened demand.
Despite these challenges, Mazda&#8217;s aggressive push towards EVs could potentially position the company as a strong contender in the growing global EV market.
Photo Courtesy: Chatchai Somwat On Shutterstock.com
Check out more of Benzinga's Future Of Mobility coverage by <a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next: <a href="https://www.benzinga.com/news/23/12/36148940/rivian-trims-battery-team-by-nearly-8-to-focus-on-r2-platform-stays-silent-on-reported-layoff-of-lea?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Rivian Axes Nearly 8% Of Battery Team To Focus On R2 Platform</a>
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Mazda CEO Foresees Electric Vehicles Making Up To 40% Of Global Sales By 2030

The United Auto Workers union has initiated a campaign to unionize workers at 13 non-union automakers <a href="https://www.benzinga.com/topic/uaw">across the United States.</a>
This initiative, announced on Wednesday, aims to bring nearly 150,000 autoworkers from major companies including BMW (OTC: <a class="ticker" href="https://www.benzinga.com/stock/bmwyy#OTC">BMWYY</a>), Honda (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hmc#NYSE">HMC</a>), Hyundai (OTC: <a class="ticker" href="https://www.benzinga.com/stock/hymtf#OTC">HYMTF</a>), Lucid (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lcid#NASDAQ">LCID</a>), Mazda (OTC: <a class="ticker" href="https://www.benzinga.com/stock/mzday#OTC">MZDAY</a>), Mercedes-Benz (OTC: <a class="ticker" href="https://www.benzinga.com/stock/mbgyy#OTC">MBGYY</a>), Nissan (OTC: <a class="ticker" href="https://www.benzinga.com/stock/nsany#OTC">NSANY</a>), Rivian (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rivn#NASDAQ">RIVN</a>), Subaru (OTC: <a class="ticker" href="https://www.benzinga.com/stock/fujhy#OTC">FUJHY</a>), Tesla (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>), Toyota (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tm#NYSE">TM</a>), Volkswagen (OTC: <a class="ticker" href="https://www.benzinga.com/stock/vwapy#OTC">VWAPY</a>)&nbsp;and Volvo&nbsp;under its wing.
The campaign involves workers signing electronic support cards for union efforts, a step that could pave the way for the unionization of U.S. factories belonging to these automotive manufacturers,&nbsp;CNBC <a href="https://www.cnbc.com/2023/11/29/uaw-launches-union-campaigns-at-tesla-12-others.html">reports</a>.
The UAW clarified that organizing every plant or automaker participating in the campaign is not a certainty. A formal vote in favor of UAW representation would be required by the workers.
UAW President Shawn Fain, following the ratification of record contracts with General Motors (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gm#NYSE">GM</a>), Ford Motor Co (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/f#NYSE">F</a>) and Stellantis NV (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/stla#NYSE">STLA</a>) that included significant hourly pay raises and other benefits, has expressed the union&#39;s ambition to expand its influence.
Also Read:&nbsp;<a href="https://www.benzinga.com/news/23/10/35315710/uaw-president-says-tesla-is-not-the-enemy-in-auto-strikes-theyre-the-uaw-members-of-the-future">UAW President Says Tesla Is Not The Enemy In Auto Strikes: &#39;They&#39;re The UAW Members Of The Future&#39;</a>
Fain&#39;s vision extends beyond the traditional &quot;Big Three&quot; Detroit automakers, aiming to encompass a broader range of companies by 2028. This expansion strategy marks a departure from the UAW&#39;s conventional approach of focusing on one company at a time.
According to CNBC, the UAW&#39;s membership has seen a dramatic decline, dropping from about 700,000 members in 2001 to 383,000 at the start of this year, a stark contrast to its peak of 1.5 million in 1979.
Despite this, the union&#39;s recent success in securing favorable contracts with the Detroit automakers has prompted non-union companies like Hyundai, Toyota, and Honda to raise worker wages, a phenomenon Fain refers to as the &quot;UAW bump.&quot;
The UAW&#39;s history with organizing non-Detroit automakers has been challenging. Efforts to unionize the plants of foreign-based automakers in the U.S., such as Volkswagen and Nissan, have previously fallen short. The union has also made attempts to organize Tesla&#39;s Fremont plant in California, but with limited success.
Now Read:&nbsp;<a href="https://www.benzinga.com/news/23/11/35995087/tesla-strike-leader-in-sweden-warns-of-traditional-business-model-shake-up-but-assures-union-has-fun">Tesla Strike Leader In Sweden Warns Of Traditional Business Model Shake-Up, But Assures Union Has Funds To Protest For &#39;Long, Long Time&#39;</a>
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: Shutterstock.

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From Tesla To Toyota: UAW Launches Ambitious Campaign To Unionize Top Auto Players

Japanese <a href="https://www.benzinga.com/news/23/07/33121305/is-toyota-ready-to-take-on-tesla-for-electric-vehicle-lead-i-dont-know-if-love-can-beat-tesla">automaker Toyota Motor Corp</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) is leading customer satisfaction in the U.S. auto market, as revealed by a recent market report.
Customer Satisfaction Ranking: Toyota leads mass-market vehicles and the industry overall with a score of 84 out of 100, as per the American Customer Satisfaction Index&#8216;s (ACSI) latest automobile study. 
Other leading Japanese auto players like Subaru, Honda Motor Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>), and Mazda Motor Corp (OTCPK: MZDAY) are also not far behind. 
Chrysler ranks lowest in customer satisfaction with a dismal ACSI score of 71. 
Among luxury automakers, EV giant Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is tied with Lexus — a brand owned by Toyota — with a score of 83, followed by General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) Cadillac. German players Audi, BMW, and Mercedes-Benz are tied for the third position. 
See Also: <a href="https://www.benzinga.com/money/everything-you-need-to-know-about-tesla-stock" target="_blank" rel="noreferrer noopener">Everything You Need to Know About Tesla Stock</a>
The EV Fad: Electric and hybrid vehicle drivers are more satisfied as compared to gas vehicle drivers, the report noted. 
However, EV adoption continues to be held back by the lack of public chargers, customer expectations for reliability, and higher complaint rates. Hybrid drivers are relatively happier in terms of quality, value, and dependability, the report added. 
"EVs must improve before automakers can justify the price differential for a broader audience. Early EV adopters find these vehicles perform well relative to their expectations, yet ACSI data show they are only superior in technology and warranties. That is not enough to convince more consumers to leave gas in the past." said Associate Professor of Marketing at Michigan State University and Director of Research Emeritus at the ACSI Forrest Morgeson. 
The study is based on interviews with about 9,000 customers between July 2022 and June 2023. 
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/08/33997598/future-of-food-delivery-cathie-woods-ark-investment-sees-drones-as-game-changers">Future Of Food Delivery: Cathie Wood&#8217;s Ark Investment Sees Drones As Game-Changers</a>
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