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Mazda Signs Memorandum of Understanding with Sollers to Establish Joint Venture Production Facility in Russia.

Hiroshima, Nov 26, 2011 - (JCN Newswire) - Mazda Motor Corporation has signed a Memorandum of Understanding with the intent to establish a joint venture production facility with OJSC Sollers. The proposed production facility is to be established in Vladivostok, in Russia's Far Eastern Federal District and supply several Mazda nameplates for the Russian market.

Sollers is one of Russia's leading automotive companies, engaged in the production, distribution and servicing of vehicles.

Russia is Mazda's second largest market in Europe and sales are rapidly increasing. Mazda sold approximately 28,000 units during the period from January through September 2011, a year-on-year increase of approximately 77 percent.

In line with its mid term plan objectives, Mazda is expanding its business in emerging markets.

About Mazda

Mazda Motor Corporation (TSE: 7261) started manufacturing tools in 1929 and soon branched out into production of trucks for commercial use. In the early 1960s, Mazda launched its first passenger car models and began developing rotary engines. Still headquartered in Hiroshima in western Japan, Mazda today ranks as one of Japan's leading automakers, and exports cars to the United States and Europe for over 30 years. For more information, please visit www.mazda.com.

Source: Mazda

Contact:
Corporate Communications Division
Mazda Motor Corporation, Japan
Tokyo: +81-3-3508-5056
Hiroshima: +81-82-282-5253
E-mail: media@mazda.co.jp


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Publication:JCN Newswires
Geographic Code:4EXRU
Date:Nov 28, 2011
Words:225
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