The next two years at Mazda Motor Corp. will be a period of "product-led growth," new company President and CEO Lewis Booth said Thursday.
Mazda, Japan's fifth-largest automaker, released a new model in May, after going more than a year without any new products. Booth, 53, was officially appointed as Mazda's fourth president from Ford Motor Co. earlier this week. Ford holds a 33.4 percent stake in Mazda.
"We've had a tough period where we had no products for 18 months and had to experience a painful restructuring," Booth said "But now, we are emerging from the tough times with new products, and I feel comfortable to say we are into the growth period."