Mazda partners with Toyota to break back into US market
March 15th, 2022 Mazda has announced the resumption of assembly line production in the United States in an Alabama plant the company co-operates with Toyota. Mazda anticipates to capitalize on Toyota’s local knowledge and established connections. Masashi Aihara, head of Mazda Toyota Manufacturing U.S.A. (MTM), has expressed enthusiasm for the joint venture, stating, “It’s a huge advantage for us to be able to learn from Toyota’s vast experience in the United States.” For its part, The partnership plays into Toyota’s broader business strategy of developing new skills and practices through partnering with smaller companies.
Balance Sheet|New Activity|M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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