Miata Mailing List: April 1995, Message #11
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   From: sling@netcom.com (Steve Ling)
Subject: News
   Date: Sat, 1 Apr 1995 13:08:33 -0500

To: miata@jhunix.hcf.jhu.edu


    I just picked up a story on the AP wire (I happen to have rather 
immediate access). It could impact all of us.
    
    
HIROSHIMA, Japan   According to Mazda executive vice president Henry 
Wallace, Mazda's worldwide performance in the first quarter of this 
year was much worse than expected. In an effort to save the company 
further losses, the rest of the 95 model year production of the 
RX-7 and MX-5 Miata may be scrapped. A final decision will be made next 
week.
    
"We hate to see these models go," said Wallace, "but we feel the 
survival of the company must come first. The niche sports car market has 
been losing money since early in 1993 and Mazda cannot bear the cost any 
longer."
    
A strong enthusiast following, especially for the Miata, is expected to 
continue well into the next century. 
    
                                [][][]
  Steve Ling           "During the race, try to drive a little faster than
  sling@netcom.com      is enjoyable; you cannot go really fast without
  San Jose, CA          frightening yourself occasionally" -- Paul Frere

        
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