Mazda posts second-quarter loss, but helped by rebound in North America sales

Mazda posted a smaller loss in the second quarter after gaining benefit from a rebound in its biggest market -North America -where vehicle sales rose
...
The logo of Mazda is pictured at the LA Auto Show in Los Angeles, California, US. (REUTERS)
The logo of Mazda is pictured at the LA Auto Show in Los Angeles, California, US.

Mazda Motor Corp on Thursday posted a 7.59 billion yen ($73.4 million) operating loss in the three months ended Sept 30 as sales contracted amid the coronavirus pandemic.

The loss, calculated by Reuters from the company's half-year result, compares with an 18.9 billion profit in the same quarter last year and a 45.3 billion yen loss in the first three months of the business year, which was its worst in quarter in 11 years.

Also check these Vehicles

Find more Cars
Harley-davidson Pan America 1250 (HT Auto photo)
Engine Icon1252.0 cc Mileage Icon18.2 kmpl
₹ 24.49 Lakhs
Compare
Harley-davidson Harley Davidson Pan America 1250 (HT Auto photo)
Engine Icon1252.0 cc Mileage Icon18.3 kmpl
₹ 16.90 - 19.99 Lakhs
Compare
View Offers
Bmw R 1250 Gs (HT Auto photo)
Engine Icon1254.0 cc Mileage Icon15.0 kmpl
₹ 20.45 - 21.20 Lakhs
Compare
View Offers
Bmw R 1250 Gs Adventure (HT Auto photo)
Engine Icon1254.0 cc Mileage Icon14.0 kmpl
₹ 21.20 - 22.40 Lakhs
Compare
View Offers
Bmw K 1600 Gtl (HT Auto photo)
UPCOMING
Engine Icon1649.0 cc Mileage Icon13.0 kmpl
₹ 28.75 Lakhs
Alert Me When Launched
Honda Gold Wing (HT Auto photo)
Engine Icon1834.0 cc Mileage Icon19.0 kmpl
₹ 27.77 - 39.16 Lakhs
Compare
View Offers

Mazda posted a smaller loss in the second quarter after it benefited from a rebound in sales in North America, its biggest market. Vehicle sales there rose 1% from a year earlier.

Also Read : Toyota, Mazda joint venture Alabama plant will now cost $2.3 billion

Japan's No.5 automaker kept its full-year forecast for an operating loss of 40 billion yen. That is better than the average full-year estimate for a 53.3 billion yen operating loss from 17 analysts polled by Refinitiv.

For the full business year the maker of the CX-5 SUV crossover and Mazda3 sedan kept its full-year prediction for global vehicle sales to fall 8.5% to 1.3 million units, the lowest in seven years.

Get insights into Upcoming Cars In India, Electric Vehicles, Upcoming Bikes in India and cutting-edge technology transforming the automotive landscape.

First Published Date: 09 Nov 2020, 12:07 PM IST
NEXT ARTICLE BEGINS

Check Latest Offers

Please provide your details to get Personalized Offers

Choose city
+91 | Choose city
Choose city
Select a dealer

Want to get the best price for your existing car?

Powered by: Spinny Logo
By clicking "View Offers" you Agree to our Terms and Privacy Policy
Dear Name

Please verify your mobile number.

+91 | Choose city
Couldn't verify the OTP.
It's either expired or it's incorrect.