Mazda sales on the rise
TOKYO, Japan (AP) — Mazda Motor Corp says its losses for the April-June quarter shrank to 6.5 billion yen (US$83.3 million) from the 25.5 billion yen of red ink it reported a year earlier.
The Hiroshima-based automaker suffered a setback from last year's quake and tsunami disaster that disrupted auto production. Like other Japanese automakers, it is recovering.
Mazda reported recently its quarterly sales jumped 24 per cent to 506.6 billion yen (US$6.5 billion) as it sold more cars in North America and Japan. Mazda sold 300,000 vehicles for the quarter, up 6.5 per cent.
The maker of the Miata sports car and CX-5 crossover sport-utility stuck to its full-year forecast for selling 1.3 million vehicles and a 10-billion-yen (US$128- million) profit. It had a 107-billion-yen loss the previous year.