UPDATE 2-Strong Q1 puts Mazda on track to meet forecasts


(Recasts, adds company comment) By Chang-Ran Kim, Asia auto correspondent TOKYO, July 30 (Reuters) - First-quarter profits at Mazda Motor Corp. put Japan's fifth-largest auto maker well on track to meet its cautious full-year forecasts after new cars like the Mazda3 compact were a hit with motorists worldwide. Operating profit in April-June was 20 billion yen ($178 million), representing 29 percent of its full-year target of 70 billion yen, which would be down 0.2 percent from last ...

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