Japan’s number 4 auto maker reported a 62 percent drop in profit for the second quarter. However Mazda is not changing their forecast for what the company believes will be a record profit for 2007.
Mazda, which is probably the only thing Ford has going for itself right now said that the drop resulted mainly from foreign-exchange related accounting expenses and greater research investment.
Mazda reported a 2.48 billion yen ($20.9 million) profit for the three months that ended June 30. During the same period last year Mazda reported...
Read Article