The weak yen and prolonged cost-cutting efforts are contributing to Mazda Motor Corp.’s forecasted profit rebound. The Japanese auto maker reportedly has raised its group net profit outlook an astounding 554% to ¥8.5 billion ($65 million) for the fiscal year that ended March 31. Operating profits are forecast to reach ¥28 billion ($214 million), from ¥17 billion ($130 million) a year ago. Such results would mark the most pronounced year-on-year turnaround in Mazda’s history. Chief ...
Premium Content (PAID Subscription Required)
"Mazda Sees Profit Turnaround" 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!
Current subscribers, please login or CLICK for support information.