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Mazda braces for 30% FY profit drop on falling car sales in U.S., China - Nikkei

A Mazda company logo is seen outside an automobile dealership inNice
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TOKYO (Reuters) - Mazda Motor Corp is facing a drop in annual profit of about 30% as the Japanese automaker struggles with falling sales in the United States and China, its biggest markets, the Nikkei newspaper reported on Friday.Japan's fifth-largest automaker expects to post about 60 billion yen ($555.4 million) in operating profit for the year ending March, falling from last year's 82.3..
Date Published: Nov 01, 2019
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