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.

If you liked the article, share on:

Topics: mazda, profit

Comments

Recommended

Last year was probably one of the busiest years for the European New Car Assessment Programme, with a total of around 70 cars tested. But amongst that huge pack of...
by - January 16, 2018
For the longest time, women in Saudi Arabia were restricted from doing what men were able to do freely. And one of the most pressing issues was driving. In the...
by - January 16, 2018
Automakers that have teamed up with Formula 1, like Mercedes-AMG, develop the coolest road-going supercars just like the Project One. Aston Martin and Red Bull, on the other hand, have...
by - January 15, 2018
There is nothing more exciting happening this month than the 2018 Tokyo Auto Salon - especially with all the concepts that are being uncovered. Apart from the Toyota GR Super...
by - January 15, 2018
The very first time we ever saw Bentley’s SUV, the Bentayga, was back in September 2015 when it came out with the impressive W12 engine. A year after that, it...
by - January 15, 2018
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