Crash Avoided In Greece Makes Mazda More Valuable

Guess which car company did profit the most from Greece's weekend elections. It's Mazda. Mazda's stock was up 6 percent in Tokyo today. Amongst carmakers, Mazda is the croaking canary in a soot-filled coalmine. Few other Japanese carmakers are as much exposed to the European epidemic as Mazda. Most of Mazda's production is in high-yen Japan. In Europe, its cars don't make a profit. In other markets, Mazda competes with European carmakers that benefit from the low Euro. In the last 12 months, the Mazda stock lost more than half of its value, with news of the first failed Greek election sending it to an all-time low of 86 yen a few weeks ago. Six weeks ago, Mazda announced a reduction of its workforce in Europe and the U.S. from The Truth About Cars http://www.thetruthaboutcars.com

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