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MAZDA RESPONDS TO COMMERCE DEPARTMENT DECISION ON MINIVAN IMPORTS

MAZDA RESPONDS TO COMMERCE DEPARTMENT DECISION ON MINIVAN IMPORTS
 WASHINGTON, Dec. 20 /PRNewswire/ -- Mazda today issued the following statement in response to the preliminary decision by the Department of Commerce regarding minivan imports:
 The Department of Commerce decision is nothing more than a hollow victory for the Big Three. The margin of 7.19 percent is well below the dumping margins of nearly 30 percent claimed by the Big Three. Nevertheless, we are disappointed because we strongly believe that by any reasonable standard Mazda is not dumping minivans in the United States. We will challenge the preliminary finding and expect it will be reversed. Given the fact that the Big Three dominate the U.S. minivan market with a share of 85 percent, we also believe it will be difficult for them to persuade the International Trade Commission (ITC) that they are being injured by the small volume of imports.
 The Department has based its determination on a comparison of U.S. prices for the MPV with prices in Japan. The comparison is unfair since Mazda sells 80 percent of all MPVs in the United States, another 18 percent in Canada and only 1.5 percent in Japan. Sales of a few hundred MPVs per year in Japan could not possibly be used to subsidize the tens of thousands of U.S. sales. We will continue to urge the Department to use sales in Canada, the only other significant market, as a fairer basis of comparison.
 Today's preliminary decision is also unfortunate because it fails to recognize that Mazda makes a substantial profit on its U.S. sales of MPVs. More unfortunate is the Big Three's insistence on waging the competitive battle in the halls of Washington rather than in dealer showrooms. Consumers are the real losers in this battle.
 -0- 12/20/91
 /CONTACT: Roger Lindberg, 202-944-5125, Frank Kauffman, 202-944-5190, or Al Goldberg, 213-936-3114 or 310-450-9305, all for Mazda/ CO: Mazda ST: District of Columbia IN: AUT SU:


DC -- DC019 -- 4590 12/20/91 17:46 EST
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Publication:PR Newswire
Date:Dec 20, 1991
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