Hot from the Bloomberg news wire...
All Mazda Vehicles From Car-Carrying Vessel Cougar Ace to Be Scrapped
2006-12-15 13:00 (New York)
IRVINE, Calif., Dec. 15 /PRNewswire/ -- Mazda Motor Corporation today
announced that all of the U.S.- and Canada-bound Mazda vehicles from the
car-carrying vessel, Cougar Ace, which nearly capsized off the Aleutian
Islands in late July, would be scrapped.
"After thorough testing by engineers from our North American and
Japanese
R&D centers, we decided the most appropriate course of action -- with our
customers foremost in mind -- was not to sell any of the 4,703 Mazdas aboard
the ship," said Jim O'Sullivan, President and CEO of Mazda North American
Operations, based in Irvine, Calif.
The Cougar Ace sat listing at more than 60-degrees for nearly a month
after an incident at sea, before it could be towed to the Port of Portland,
Ore., for repairs and to have its cargo off-loaded.
O'Sullivan added that although some of the Mazdas aboard the Cougar Ace
showed little or no visible damage from being tied-down at severe angles for
an extended period, the potential for future problems led the company to
reconsider its initial decision to sell any of the vehicles as used.
"We always put the customer first," O'Sullivan continued. "This drove
our
decision to scrap every one of the Mazdas involved in this incident."
Headquartered in Irvine, Calif., Mazda North American Operations
oversees
the sales, marketing, parts and customer service support of Mazda vehicles
in
the United States, Canada and Mexico through nearly 900 dealers. Operations
in Canada are managed by Mazda Canada, Inc., located in Ontario, Canada, and
in Mexico by Mazda Motor de Mexico in Mexico City.
SOURCE Mazda Motor Corporation
CONTACT:
Jeremy Barnes, Mazda North American Operations, +1-949-727-6844, or mobile
+1-
714-296-1402, or Jay Amestoy, Mazda North American Operation,
+1-949-727-6443,
or mobile +1-949-466-0928, or Greg Young, Mazda Canada, Inc., 905-787-7094
-0- Dec/15/2006 18:00 GMT
Mark - 15 Dec 2006 18:17 GMT
> All Mazda Vehicles From Car-Carrying Vessel Cougar Ace to Be Scrapped
> 2006-12-15 13:00 (New York)
[quoted text clipped - 9 lines]
> after an incident at sea, before it could be towed to the Port of Portland,
> Ore., for repairs and to have its cargo off-loaded.
Portland, is that where it ended up? Wow, that's just down the road
from me. I'll have to run out at lunch and find out if they'll give me
one!
Lanny Chambers - 15 Dec 2006 19:36 GMT
> "We always put the customer first," O'Sullivan continued. "This
> drove our decision to scrap every one of the Mazdas involved in this
> incident."
Well, that and a favorable insurance settlement, one presumes. If Mazda
can make a profit from scrapping the cars, why bother with the expense
and uncertainties of fixing, distributing, and retailing them? A bird in
the hand....
Chris D'Agnolo - 17 Dec 2006 04:09 GMT
that's a shame, surely they would at least scavenge the easy / valuable
parts, huh?
Chris
99BBB
>> "We always put the customer first," O'Sullivan continued. "This
>> drove our decision to scrap every one of the Mazdas involved in this
[quoted text clipped - 4 lines]
> and uncertainties of fixing, distributing, and retailing them? A bird in
> the hand....
Lanny Chambers - 17 Dec 2006 15:55 GMT
> that's a shame, surely they would at least scavenge the easy / valuable
> parts, huh?
The dismantling and handling costs would probably kill that idea. Lots
of stuff costs more to ship than it does to make.
Remove This - 17 Dec 2006 16:54 GMT
Rent a large parking lot, and have a "yard sale"...BYOT bring your own
tools.

Signature
I work for the ILEC ...." stuff happens! "
>> that's a shame, surely they would at least scavenge the easy / valuable
>> parts, huh?
>
> The dismantling and handling costs would probably kill that idea. Lots
> of stuff costs more to ship than it does to make.
XS11E - 17 Dec 2006 04:27 GMT
>> "We always put the customer first," O'Sullivan continued. "This
>> drove our decision to scrap every one of the Mazdas involved in
[quoted text clipped - 4 lines]
> the expense and uncertainties of fixing, distributing, and
> retailing them? A bird in the hand....
I'm sure the intention was to dry them out and sell them and it only
changed with Mazda's US law firm said they'd require an additional
$50,000,000.00 retainer..... per car!
Chuck - 29 Dec 2006 21:17 GMT
The insurance company may still end up selling them as salvage. If so, some
may end up on the market with salvage titles, or as individual parts.
I would think that Mazda and the carrier (ship owner) had insurance.
> >> "We always put the customer first," O'Sullivan continued. "This
> >> drove our decision to scrap every one of the Mazdas involved in
[quoted text clipped - 8 lines]
> changed with Mazda's US law firm said they'd require an additional
> $50,000,000.00 retainer..... per car!