Mazda’s profit drops 62 percent in the 2nd-quarter

Japan’s number 4 auto maker reported a 62 percent drop in profit for the second quarter. However Mazda is not changing their forecast for what the company believes will be a record profit for 2007.

Mazda, which is probably the only thing Ford has going for itself right now said that the drop resulted mainly from foreign-exchange related accounting expenses and greater research investment.

Mazda reported a 2.48 billion yen ($20.9 million) profit for the three months that ended June 30. During the same period last year Mazda reported...
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jon21 - 7/31/2007 2:31:10 PM

+1 Boost

yup

Neverfollow - 7/31/2007 3:06:33 PM

+2 Boost

What's going on with this brand? Don't they have some of the most successful enthusiast cars in this class?

I here the MX3 is a real hoot as is most of the rest of the line.

What gives?

holmstar - 7/31/2007 5:31:31 PM

+1 Boost

"what gives?" read the article, sales are actually up 11%. Profits are only down due to research expense (new models) and exchange rate contracts.

M35MT - 8/1/2007 7:52:04 AM

+1 Boost

More R&D? Maybe a new rotary car in the works? Next Gen Mazda3? I'm sure its money well spent based on their current lineup.