Mazda braces for record annual operating loss as car sales slump

Filed under: Earnings/Financials,Plants/Manufacturing,Mazda
https://o.aolcdn.com/images/dims3/GL...-skyactive.jpg Mazda Motor Corp forecast a record annual operating loss on Friday as the Japanese automaker continues to be pummelled by falling vehicle sales due to the COVID-19 pandemic. Japan's No. 5 automaker anticipates a 40 billion yen (291.67 million pounds) loss for the year to March, joining a growing number of automakers including Ford Motor Co and Nissan Motor Co which expect annual losses after the virus shuttered vehicle plants and kept customers away from car dealerships.Continue reading Mazda braces for record annual operating loss as car sales slump
Mazda braces for record annual operating loss as car sales slump originally appeared on Autoblog on Fri, 31 Jul 2020 08:05:00 EDT. Please see our terms for use of feeds.
Permalink | Email this | Comments

More...