Free Newsletters - Space News - Defense Alert - Environment Report - Energy Monitor
. 24/7 Space News .




CAR TECH
Japan's Mazda swings back to profit
by Staff Writers
Tokyo (AFP) Feb 6, 2013


Japanese car giant Mazda on Wednesday said it swung back to a profit in the nine months to December as it boosted its full-year earnings forecast.

Japan's fifth-biggest automaker logged a net profit of 25.6 billion yen ($273 million) for the April-December period, reversing its net loss of 112.8 billion yen a year earlier. Sales rose 8.5 percent to 1.54 trillion yen, it said.

It credited the results to a bounce in sales and cost-cutting after suffering a double punch from a strong yen and falling demand in key markets during the corresponding period in 2011, when manufacturers were also hit by effects of Japan's quake-tsunami disaster.

In China, Mazda sold 129,000 vehicles for the nine-month period, down 21.5 percent from a year earlier, "but sales are on a recovery trend," it said, echoing similar comments from Toyota, Japan's biggest automaker.

On Tuesday, Toyota said the China market was improving as it net profit in the nine months to December quadrupled while it also lifted its full-year earnings outlook.

Demand for Japanese cars in China, the world's biggest vehicle market, plunged last year in the wake of a consumer boycott sparked by a territorial spat between Tokyo and Beijing over an East China Sea island chain.

Mazda also said it was projecting a full-year net profit of 26 billion yen, up from an earlier estimate of 10 billion yen, while sales are forecast to be 2.19 trillion yen, compared with an earlier 2.17 trillion yen prediction.

Japan's automakers have been posting strong results, underscoring their recovery from the twin disasters and the surging value of the yen, which has been in steep decline in recent months.

.


Related Links
Car Technology at SpaceMart.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





CAR TECH
Toyota quadruples April-December profit, ups forecast
Tokyo (AFP) Feb 5, 2013
Toyota said Tuesday net profit in the nine months to December quadrupled while it also lifted its full-year earnings outlook, reflecting the car giant's recovery from Japan's 2011 quake-tsunami. The world's number one automaker credited a sales boost in debt-struck Europe as well as the United States and Asia for the rise, and a weaker yen. Toyota did not release its latest figures for C ... read more


CAR TECH
Building a lunar base with 3D printing

US, Europe team up for moon fly-by

Russia to Launch Lunar Mission in 2015

US, Europe team up for moon fly-by

CAR TECH
Sampling Several Rock Targets

Mapping Mars

Weekend Test on Mars Was Preparation to Drill a Rock

AAS Division For Planetary Sciences Issues Statement On Mars 2020 Program

CAR TECH
Supersonic skydiver even faster than thought

Ahmadinejad says ready to be Iran's first spaceman

Iran's Bio-Capsule Comes Back from Space

A Hero For Humankind: Yuri Gagarin's Spaceflight

CAR TECH
Reshuffle for Tiangong

China to launch 20 spacecrafts in 2013

Mr Xi in Space

China plans manned space launch in 2013: state media

CAR TECH
NASA to Send Inflatable Pod to International Space Station

ISS to get inflatable module

ESA workhorse to power NASA's Orion spacecraft

Competition Hopes To Fine Tune ISS Solar Array Shadowing

CAR TECH
Final checkout underway for the Starsem Soyuz launch with Globalstar spacecraft

Zenit Engine Worked Normally

NASA Launches Rocket from Wallops Flight Facility in Virginia

Intelsat 27 Launch Unsuccessful

CAR TECH
Earth-like planets may be closer than thought: study

Are Super-Earths Actually Mini-Neptunes?

Herschel Finds Past-Prime Star May Be Making Planets

Stars can be late parents

CAR TECH
Largest prime number to date found

South Korean Satellite Makes First Contact with Ground

Novel materials shake ship scum

Penn Research Shows Mechanism Behind Wear at the Atomic Scale




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement