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Mazda (MZDAY) North American Operations President & CEO Tom Donnelly joined Catalysts with Yahoo Finance autos reporter Pras Subramanian to discuss the company's outlook for 2025, following what he describes as their "best year ever" in 2024.
"We're sitting right in a sweet spot in terms of the market," Donnelly explains, noting that while the company adjusted its strategy regarding product mix, programs, and incentives, they have "maintained pricing overall."
Looking ahead, Donnelly expresses optimism for 2025, suggesting both Mazda and the broader automotive industry are "in a good position" for continued growth. "We are executing well despite some of the headwinds the industry is facing," he affirms.
The company's growth strategy centers on successful models like the CX-90 and CX-50, which have demonstrated strong sales performance. Donnelly also highlights Mazda's $2 billion investment in "reimagining" its retail experience, describing the new approach as "open and vibrant."
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"We think those are the right technologies and power trains for today's marketplace and our next phase... we will introduce our own battery electric vehicle, as well as additional our own hybrid system," he tells Yahoo Finance.
Watch the video above to hear what Donnelly says about the impact of tariffs on the business.
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This post was written by Angel Smith