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Old 07-31-2007, 03:06 PM   #1
Scooby Guru
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Join Date: Nov 2004
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forward in Italian

Default Maxzda's profits drop 62%


Japanís 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... Read Article

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