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Mazda says that it lost $226 million in the first quartet this year. Automaker says that it has to cut production, cut research and cut development spending.

Mazda sales were down 45% globally, but automaker says it have savings that will make them $100 million profit during second half of the year.

"We got off to a good start to return profibility on an operating basis in the second half," Mazda Chief Financial Officer Kyoshi Ozaki said at a press conference.
Views: 1428 | Added by: SBR | Date: 30.07.2009 | Comments (0)

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