Japan: Mazda sees ¥60bn net loss; scraps dividend plan

Mazda has announced results for its fiscal year ended 31 March 2011 that were largely in line with its forecasts given at the end of October 2010, although extraordinary loss items and provisions resulted in a net loss of ¥60bn (US$735.2m), versus the previous estimate of a ¥6bn profit. Because Subscribe to Automotive World to … Continued

• By Webmaster
• April 28, 2011