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news Mazda seeks to reduce dependence on Chinese supplies after Covid-19 lockdowns 12 August 2022 - 09:33 By Reuters Mazda reported on Tuesday an operating loss of 19.5bn yen (roughly R2,345,258,160) for the first quarter of its financial year, due to disruptions resulting from the stringent Covid-19 counter-measures in China. Image: Alex Gottschalk/DeFodi Images via Getty Images Japan's Mazda Motor Corp said on Friday it would ask its parts suppliers to increase stockpiles in Japan and produce components outside China after Covid-19 lockdowns in Shanghai destabilised supply and hampered production. The request from the Hiroshima-based automaker underscores the vulnerability of...
