Mazda Turns To Profit After 5 Years
During to the crisis, Japan’s fifth biggest auto exporter Mazda lost a total of ¥245.7 billion ($2.4 billion). Now, the automaker estimates it will get ¥26 billion ($261.1 million) net profit for the 2012 fiscal year.
The rise was helped by the yen that fell 21% against the dollar since November las year, resulting in cheaper Japanese cars and trucks sold around the world. The very popular CX-5 crossover model helped the revival, consolidating its position along with the new Mazda 6 sedan.
Things are looking good, and following these two new successful models, the Japanese automaker will introduce the 2014 Mazda3 compact hatch this fall that could help them sell over 300,000 units in the United States this year.
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Just awesome vehicles.