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

After the highly dynamic Polestar 1 two-door coupe – Polestar’s first ever production car -- was recently unveiled, not a few people’s curiosity was piqued as to how much they...
by - October 21, 2017
The BMW 7 Series is already highly sought after but nonetheless, the German marque is giving it a more exclusive variant for the Russian market, and they are calling it...
by - October 20, 2017
Several automakers including Porsche, Volkswagen, Smart and even Land Rover have all been victimized by cheap Chinese copycats. And if you haven’t seen it yet, the most recent one would...
by - October 20, 2017
The Mercedes-Benz G-Class has been around for quite some time now but to bid it farewell, the company has launched the Mercedes-AMG G65 Final Edition. Mercedes will only build a...
by - October 20, 2017
Have you ever wondered what you can you buy with $9,365 in your pocket? Well, you have quite a lot of options. In fact, you can even purchase a used...
by - October 20, 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