While Ford is being praised for posting its surprise $100 million first quarter profit, its Mazda subsidiary has shocked just as many analysts with a record profit of $1.55 billion for 2007 – up 2% on 2006’s record level.
The jump in profit was on the back of a 7% jump in revenues and a 5% increase in sales (1,363,000 units) worldwide.
The carmaker is so confident that it’s predicting an even better sales result in 2008 despite rising fuel prices, unfavorable exchange rates, and shrinking demand for new cars both in the U.S. and Japan – its two single biggest markets.
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