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MAZDA RESPONDS TO COMMERCE DEPARTMENT DECISION ON MINIVAN IMPORTS

MAZDA RESPONDS TO COMMERCE DEPARTMENT DECISION ON MINIVAN IMPORTS
 WASHINGTON, May 19 /PRNewswire/ -- Mazda today issued the following statement in response to the decision by the Department of Commerce on minivan imports:
 Mazda is astonished at the final margin results announced by the Department of Commerce today, although the margin of 12.7 percent is well below the dumping margins of nearly 30 percent claimed by the Big Three. By any reasonable standard, Mazda is not dumping minivans in the United States. The decision is clearly wrong.
 We are mystified at the department's reasoning. Mazda has maintained all along that the department should have compared U.S. prices for the MPV with prices in Canada where there is a significant market for the vehicle. Had it done so, there would have been no dumping margin whatsoever. The department's finding is based on the absurd conclusion that Mazda is selling the MPV at a loss in Japan and in the United States, which we know is not the case.
 Japanese minivans have typically been priced higher than domestic minivans and have a very small market share in the United States. The Big Three dominate the U.S. minivan market with a share of 90 percent. In fact, to keep up with increased sales, Chrysler, which has made extraordinarily high profits on its minivan sales, added a third shift at its minivan plant in St. Louis.
 The recession and/or strategic misjudgments by the Big Three -- and not unfair pricing by Japanese producers -- account for any difficulties by the domestics in selling more minivans. Several of the domestic minivans now on the market are not selling well because they are not widely accepted by the consumers -- not because the Japanese are dumping minivans in the United States at less than fair value, which they are not. Mazda is pleased that consumers have responded enthusiastically to the MPV's modern styling and features.
 There is no possibility that Mazda MPV sales have caused any material injury to domestic producers of minivans. Mazda will present additional evidence in support of its position when it testifies May 21 before the International Trade Commission (ITC). We are confident the ITC will vindicate Mazda's position and confirm that Mazda has never dumped minivans in the United States.
 -0- 5/19/92
 /CONTACT: Randy Boileau, 313-393-3315, or Frank Kauffman, 202-944-5190, both for Mazda/ CO: Mazda; U.S. Department of Commerce ST: District of Columbia IN: AUT SU:


MH-DC -- DC020 -- 1867 05/19/92 13:20 EDT
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Date:May 19, 1992
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