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

Article by Christian Andrei, 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

Login or Create new account to add a comment!

Recommended

Did you miss the opportunity to get a brand new Dodge Viper? Well, here’s something you don’t want to miss. Dodge has announced a “final call” for orders for its...
by - December 6, 2016
Acura fans and customers rejoice! Sales have begun for the flagship model of Acura’s RLX top-of-the-range sedan – the 2017 Acura RLX Sport Hybrid. Described by Acura as its most...
by - December 6, 2016
Autonomous cars are slowly but surely gaining more appeal among drivers around the world. While a complete self-driving system has yet to be launched, carmakers have been finding ways to...
by - December 6, 2016
BMW has officially ended the production cycle for what is considered as its meanest and fastest sports car – the BMW M4 GTS. Basically a power-up evolution of the BMW...
by - December 6, 2016
Now that Lamborghini is set to bring a “more aggressive” Aventador, it only makes sense that it will be given a name. Seeing how it goes, perhaps we won’t be...
by - December 6, 2016
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