NEW CAR VENTURE
(N.Z. Press Association) WELLINGTON, July 2. Two thousand Mazda cars and trucks will be assembled in New Zealand in the first year of a new joint car assembly and marketing venture. Toy© Kogyo, Japan’s third-biggest vehicle maker, announced in Tokyo on Saturday that the Mazda range to be assembled in New Zealand would include rotary - engined models.
They will be the first rotary-engined cars to appear on New Zealand production lines. Mazda Motors of N.Z., Ltd, has been formed with $300,000 capital put up by two Japanese interests and three New Zealand partners. Toyo Kogyo and a major Japanese trading house have $36,000 each in the venture; and Motor Holdings, Ltd, Champion Motors, Ltd, and William
Scollay and Company have put up $228,000. Toyo Kogyo exported 470 units to New Zealand in 1970, and 1100 vehicles last year—most of them Mazda utility pick-ups. The Mazda Capella models among the vehicles to be assembled at Auckland by the new concern include conventionalengine and rotary-engine cars that sell in built-up form at present in the $4OOO to $4500 price range.
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Bibliographic details
Press, Volume CXII, Issue 32958, 3 July 1972, Page 2
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181NEW CAR VENTURE Press, Volume CXII, Issue 32958, 3 July 1972, Page 2
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