Mazda posted JPY182.1 billion operating profit for 2013 fiscal year

Article by Christian A., on April 28, 2014

Mazda Motor Corp. posted a record JPY182.1 billion in operating profit for its fiscal year ended March 2014, boosted by a weaker yen that rendered its exporting operations more profitable. That allowed Mazda to surpass its mid-term profit goal of JPY150 billion and is now expecting to log JPY230 billion ($2.3 billion) in operating profit by its fiscal year ending March 2016.

Mazda, however, trimmed its mid-term global sales target by 11 percent to 1.52 million vehicles. Mazda posted JPY36.6 billion ($358 million) in one-time extraordinary loss in the fiscal year ended in March, in provision for an anticipated loss in selling its 50 percent stake in a Mazda-Ford joint venture AutoAlliance International.

Mazda has announced that it agreed with Ford to commence decision to sell its stake in AutoAlliance, which operates assembly site in Flat Rock, Michigan. Mazda no longer builds vehicles at the site after stopping output of the Mazda6 at the facility in August 2012.

Ford still builds the Fusion mid-sized sedan and Mustang coupe at the AutoAlliance site. In January, Mazda commence operations of its Mexican assembly site, where it is producing the Mazda3 and the Mazda2.

Topics: mazda, profit

If you liked the article, share on:

Comments

Recommended

British luxury automaker Aston Martin celebrates its new partnership with the Henley Royal Regatta sporting event by designing a one-off DB11 sports car that they recently revealed. The car explores...
by - June 28, 2017
The 2018 Dodge Challenger SRT Hellcat as we know, is the Demon's less powerful sibling, and there’s nothing wrong with that. But have you ever imagined how it would look...
by - June 28, 2017
Sorry Uber, but Handsome Cabs taxi company has something no one else can offer - a Lamborghini Huracan that can take their clients from Point A to Point B. This...
by - June 28, 2017
BMW saw a potential oil leak on the new M760Li, prompting them to recall the said vehicle last April. Today, a little over two months after issuing the first recall,...
by - June 28, 2017
Without a doubt, the SUV segment is getting increasingly more saturated. This month alone, we were greeted with city-oriented SUVs from the Kia Stonic to the Hyundai Kona, and now...
by - June 27, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries