NEW YORK — In a year when many automakers are expecting sales and profits to slip, things at Mazda Motor Corp. are looking up. “In the last fiscal year, we made US$250 million,” says Mark Fields, president of Mazda. “We will report a loss this year because of restructuring but will break even next year and have steady profitability afterwards.” Despite fiscal damage caused by a strong yen, Mazda has managed to reduce its debt by 50% to US$5 billion in the last four years. Fields says that ...
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