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

Login or Create new account to add a comment!

Recommended

The bidding war for one of the only 20 examples -- 21 actually, but the 00 version went to a museum -- of the classically beautiful Lamborghini Reventon built and...
by - January 18, 2017
Bentley once again confirmed its plans to push PHEV into their future lineups. As a matter of fact, the Bentayga SUV will be the first to have the plugin hybrid...
by - January 18, 2017
Each time that Mini launches a new generation of the Countryman crossover, a John Cooper Works performance version is always expected to follow. When Mini unveiled the next-gen 2017 Mini...
by - January 18, 2017
Ford Mustang customers won’t be able to specify the V6 powerplant for the latest iteration of the carmaker’s pony car. This comes as the new 2018 Ford Mustang is saying...
by - January 18, 2017
The man sitting at the top of the performance division of Mercedes-Benz – Tobias Moers – cryptically indicated that the Mercedes-AMG GT4 could be really coming. Moers, chief executive of...
by - January 18, 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