Japanese carmakers adapt to win back buyers in Europe

Article by Anita Panait, on September 23, 2013

Japanese carmakers expect to revive their business in Europe by launching new cars that feature small fuel-efficient diesel engines and smart interiors. To ensure steady growth in Europe in the few years, Japanese carmakers are cutting costs and are investing the profits they gained from effects of the weaker yen.

The carmakers, which include Mazda and Toyota, have recovered from the impact of the natural disasters that shook their global supply level two years ago by initially focusing in North America.

But their decision not to adapt their for-US vehicles led to dismal sales results in Europe. Now, these carmakers are beginning to see improved sales results in Europe, thanks to their move to focus on the market -- considered as the most demanding in terms of fuel efficiency, design, handling and build quality.

Jeff Guyton, head of Mazda in Europe, told Reuters in an interview at the Frankfurt Motor Show that the carmaker's business in Europe "has turned around," noting that while "it's doom and gloom" for other carmakers, theirs is "the exact opposite."

Mazda saw its sales in Europe surge 11 percent in the firth eight months of 2013, despite being in a market that declined by 5 percent. He added that Mazda "had the best fiscal first quarter in at least 10 years." Mazda unveiled at the Frankfurt motor show its latest Mazda3 compact car. Mazda has already gained sales success with its CX-5 crossover, which helped boost its European volume since it was launched in April 2013.

Topics: mazda, toyota, europe

If you liked the article, share on:

Comments

Recommended

Not so long ago, the 2018 Genesis G80 Sport made its debut at the 2016 LA Auto Show. But at that time, it did not have a price yet. And...
by - April 23, 2017
It seems like an increase in price has become a trend for automotive companies lately. Genesis isn’t alone when it comes to this. Subaru had just announced that the 2018...
by - April 23, 2017
Imagine a sports car morphing into an SUV. Chevrolet initially revealed the FNR Concept at the previous Shanghai Auto Show in 2015. For this year, Chevy once again graces the...
by - April 22, 2017
From the moment FCA kicked off with its 3-month-long ad campaign until the day it unveiled the new Dodge Challenger SRT Demon, folks have been guessing what the exact figures...
by - April 22, 2017
Some people may think Audi Sport is a new company but it is in fact the motorsport division of Audi combined with the best of what Quattro GmbH can offer....
by - April 21, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries