Mazda Motor Corporation (MZDAY)
said 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.
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.