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The Press Conference That Erased a $500M Luxury Program

The Press Conference That Erased a $500M Luxury Program

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The Press Conference That Erased a $500M Luxury Program

In a Japanese factory in Hofu, running V12 prototypes waited on a production line that was already fully tooled — engines that one former executive said sounded like a Ferrari when they accelerated. Dealerships had signed, advertising was budgeted, and brochures had already gone to print. How does a program with that much physical infrastructure disappear so completely that the company's own museum holds no record of it?

In this episode, we trace the rise and disappearance of Mazda's Amati luxury division, from the oil shocks and export caps that pushed Japanese automakers upmarket to the single announcement that erased the program from public record, asking what that silence reveals about how companies handle failure at scale.

Person: Dick Colliver
Location: Hofu, Japan
Date: October 20, 1992
Case: the Amati luxury program
Status: cancelled in a single announcement and never publicly acknowledged since

- Mazda had invested at least 50 billion yen (roughly $400 million at the time) into the Amati program.
- Sixty-seven dealerships had already signed agreements to carry Amati vehicles.
- A $60 million advertising campaign was budgeted to the firm Lord, Dentsu and Partners.
- Running V

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