Mazda halves 08/09 sales f'cast at one China venture

Newswire

TOKYO, Aug 29 (Reuters) - Mazda Motor Corp said on Friday it now expects sales at one of its two Chinese joint ventures to come to less than 60,000 cars this business year from a previous forecast of more than 110,000 units. A Mazda spokeswoman said sales at Changan Mazda, which sells the small Mazda2/Demio and Mazda3/Axela cars, were suffering, building up months of inventory. She said Mazda was not officially standing down on its plan to sell 180,000 cars in the business year to March ...

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