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.
FinalCorner is website about cars, launched in late July 2009. FinalCorner is website that offers you everything about cars - news, pictures and videos. Still, we have plans for future, like forum.
