Mazda's profit reaches 14-year high

Article Abstract:

Mazda Motor Co.'s profits for the year ending on March 31, 1999 reached a 14-year high. The car maker's financial results ended up in the black for the first time since 1993. Mazda posted net income of 38.7 billion yen ($311.3 million) for the year ending on March 31. In 1998, the company posted 6.8 billion yen in losses. Mazda also posted a 0.8% improvement in its sales for the year.

Comment:

Profits for year ending on March 31, 1999 reach 14-year high

Japan, Motor Vehicles & Parts, Transportation Equipment Manufacturing, Finance, Abstract, Mazda Motor Corp.

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Ford posts $5.8 billion loss, warns of more woes: results may take bigger hit next quarter due to revamp; earnings will be restated

Article Abstract:

Ford Motor Co. has posted a $5.8 billion third-quarter loss, and is predicting even larger fourth-quarter losses, putting new CEO Alan Mulally under pressure to find a solution. High gasoline prices, high costs, and Asian competition have led to a decline in popularity of larger vehicles, contributing to the losses.

Forecasts, trends, outlooks, Management dynamics, Executive changes & profiles, Motor Vehicles and Equipment, United States, Management, Officials and employees, Ford Motor Co., Company sales and earnings, Company earnings/profit, Company business management, F, Mulally, Alan, Company business forecast/projection, Company forecasts, Automotive industry

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