Is Mazda going to survive?
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Looking pretty dire right now, sadly. Think Toyota will just end up buying them and they’ll become a wholly-owned subsidiary?
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Mazda Motor Corp. reported a 79 percent drop in quarterly operating profit as it continues to struggle with declining U.S. and Chinese sales, while a strengthening yen also cut into its bottom line. Operating profit at Japan’s No.5 automaker was 7.0 billion yen ($64 million) in the first fiscal quarter ended June, versus around 33 billion yen ($302.8 million) a year ago and less than half of an average forecast for 18.5 billion yen from analysts polled by Refinitiv.

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