Brief: Mazda CFO Guyton: Expect To Reduce Tariff Impact Through Measures Such As Changing Shipping Destinations, Greater Utilisation Of Alabama Plant And Other Volume Adjustments

Mazda Motor

05/08/2025 07:06

Aug 5 (Reuters) - Mazda Motor Corp 7261.T:

MAZDA CFO GUYTON: IMPACT FROM TARIFFS ON OUR OUTLOOK REMAINS QUITE SIGNIFICANT, BOTH FOR EXPORTS FROM JAPAN AND THOSE FROM MEXICO

MAZDA CFO GUYTON: EXPECT TO REDUCE IMPACT OF ADDITIONAL TARIFFS TO 145 BILLION YEN FROM AROUND 230 BILLION YEN

MAZDA CFO GUYTON: EXPECT TO REDUCE TARIFF IMPACT THROUGH MEASURES SUCH AS CHANGING SHIPPING DESTINATIONS, GREATER UTILISATION OF ALABAMA PLANT AND OTHER VOLUME ADJUSTMENTS

MAZDA CEO MORO: TARIFF INCREASE FROM 2.5% TO 15% IS A VERY HEAVY BURDEN FOR THE MANAGEMENT OF OUR BUSINESS

MAZDA CEO MORO: WE'RE CLOSELY WATCHING ONGOING NEGOTIATIONS WITHIN NORTH AMERICA WITH GREAT INTEREST

MAZDA CFO GUYTON: WE HOPE THAT THE CHANGES TO U.S. TARIFFS FOR JAPAN WILL BE IMPLEMENTED SOON AND PERHAPS WITH RETROACTIVE EFFECT

MAZDA CFO GUYTON: CURRENTLY, A VERY SMALL PORTION OF THE MATERIAL USED IN OUR MEXICO-BUILT CARS COMES FROM THE U.S.

MAZDA CFO GUYTON:  THE EFFECTIVE U.S. IMPORT TARIFFS ON OUR VEHICLES FROM MEXICO IS MORE LIKE 23% RATHER THAN 25%

Further company coverage: 7261.T