Mazda Falls Victim To Uncontrolled Yen - Loses $33 Million In 4th Quarter

Mazda Motor Corp. posted a net loss of 2.7 billion yen ($33.1 million) for the three months ended Dec. 31 after a stronger yen cut the competitiveness of its exports.

Mazda's loss, its first in two quarters, compared with a profit of 4.4 billion yen a year earlier, it said in a statement today. Sales rose 0.5 percent to 560 billion yen during the quarter.

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uaw_lax - 2/5/2011 10:16:36 AM

0 Boost

This is what happens when a free Yen is in effect against the dollar. when we get China to do the same then we can celebrate.

cohwang - 2/7/2011 2:24:59 AM

+2 Boost

I try not to talk about politics but free RMB won't benefit anyone of us. The manufacturing will shift to the east, like Vietnam, Thailand and India. The jobs will never come back to the States cuz we are too expensive. This is the dirty politics from our senators who are never care about their citizens. They just care about their positions in the government, their government pension after they retire. I really hope that we would never get tricked by our senators that strong foreign currency can lead the jobs back. This is 200% impossible.

Free Yen has already forced Toyota and Honda increase their productions in Thailand. This is the solid evidence of the outcomes of the strong foreign currency.