Mazda Q2 drops on yen, cuts forecast on weak demand

Newswire

TOKYO, Oct 30 (Reuters) - Mazda Motor Corp reported a 20 percent drop in quarterly operating profit on Thursday, hit by a stronger yen and expensive raw materials, and slashed its annual forecast by a similar margin blaming softer vehicle demand. Mazda, owned one-third by Ford Motor Co , said July-September operating profit was 32.4 billion yen ($328.9 million), while net profit fell 45 percent to 14.5 billion yen. Revenue declined 5 percent to 841.9 billion yen, although vehicle sales ...

Premium Content (PAID Subscription Required)

"Mazda Q2 drops on yen, cuts forecast on weak demand" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Sponsored Introduction Continue on to (or wait seconds) ×