Mazda reports 46 percent jump in profit

While Ford reported a $12.7 billion loss, Mazda, a company which 33.9 percent owned by Ford, today announced a 46% jump in profit for the latest quarter. The fifth largest Japanese automaker reported their sixth straight record profit with 14.9 billion yen ($123.3 million).

In a press release by Mazda, the company said demand was strong in the U.S. for the Mazda CX-7 sport utility vehicle, Mazda5 family car and MX-5 Miata sportscar while the Miata and diesel models for the Mazda5 and Mazda6 did well in Europe.
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S4cabriofoxone - 2/8/2007 10:26:48 PM

+1 Boost

That's not that much money.

Pretty miniscule, actually.

I mean, I like Mazda, but they're not a very large company.

Considering the most expensive house on sale costs $125,000,000...

Westside7th - 2/9/2007 12:42:01 AM

+1 Boost

Profit and revenue are two different things. For a smaller company like Mazda, it's making good money.