AUTOSHOW-Mazda Europe sees currency risk of import strategy

Newswire

PARIS, Sept 28 (Reuters) - The head of Mazda Motor Corp.'s European operations said its current business model of importing cars into the region could not last, because it exposed the company to adverse currency swings. "We rely on Japanese production more than any of our domestic competitors," James Muir, president and chief executive officer of Mazda Europe, told Reuters on Thursday. "On a long-term basis, this is not sustainable." Mazda's global production is approaching maximum ...

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