Mazda Braces For Biggest Annual Operating Loss As Car Sales Slump
car&bike Team
1 min read
Jul 31, 2020, 07:01 PM
Mazda Motor Corp forecast on Friday a record annual operating loss as the Japanese automaker continues to be pummelled by falling vehicle sales due to the coronavirus pandemic.
Japan's No. 5 automaker said in a statement it anticipates a 40 billion yen ($383.5 million) loss for the year ending March.
Mazda posted an operating loss of 45.3 billion yen for the first quarter, its weakest in 11 years, due to a 31% drop in vehicle sales between April and June.
The company's annual loss is slightly better than a consensus mean estimate of a 46 billion yen loss drawn from 19 analysts polled by Refinitiv.
Related News
Latest Cars
Upcoming Cars
Latest News
car&bike Team | Jul 30, 2026JSW Motor To Offer AWD Option on Chery iCar V23-Based SUVTest mules of the electric SUV have been spotted testing in India on multiple occasions.1 min read
car&bike Team | Jul 30, 2026All-New 2026 Bajaj Pulsar Launching SoonBajaj Auto is getting ready to launch the next-generation Pulsar across segments, and the first one is likely to be the new Pulsar 150 or an updated Pulsar N160.1 min read
Seshan Vijayraghvan | Jul 29, 2026Kia Sorento India Arrival Confirmed With New Teaser: Launch This Festive SeasonThe Kia Sorento has already been spotted testing in India, and it's expected to arrive this festive season.1 min read
car&bike Team | Jul 29, 2026Tata Punch EV Facelift Gets 5 Stars From Bharat NCAPThe electric micro SUV scored 31.09 out of 32 for Adult Occupant Protection and 45 out of 49 for Child Occupant Protection.2 mins read
Jaiveer Mehra | Jul 29, 2026Audi’s GLS-Rivalling Q9 SUV Unveiled With 6- And 8-Cylinder EnginesAudi’s first full-size SUV packs in the latest tech and will go on sale with either petrol or diesel engine options depending on the market.1 min read
car&bike Team | Jul 29, 2026Ather Begins Pothole Alerts Rollout For Gen 2 Electric ScootersThrough the dashboard, the new feature notifies riders about poor road conditions in advance.1 min read
Bilal Firfiray | Jul 30, 2026Kia Syros EV Review: Best EV To Buy Under Rs 20 Lakh?The Kia Syros EV comes into the game with a modern design, spacious cabin, strong performance, decent range and an aggressive pricing. But could it become the new benchmark under Rs 20 lakh?5 mins read
Jaiveer Mehra | Jul 27, 20262026 Maruti Suzuki Brezza Facelift Review: Bestseller Joins The Turbo ClubWhile Maruti’s facelifts have always tended to bring subtle updates over the outgoing models, the latest Brezza brings some heavy updates under the skin, including a new 6-speed manual gearbox and, for the first time, a turbocharged petrol engine option.1 min read
Bilal Firfiray | Jul 24, 2026Honda ZR-V Review: Who Is It For?Honda has brought the new ZR-V to India as their current flagship offering. It’s a CBU, it’s a hybrid, and it’s here for a limited few. Who is it for though?1 min read
Girish Karkera | Jul 29, 2026Mercedes-AMG E53 4MATIC+ PHEV First Drive Review: Just What The Doctor OrderedThere are luxury cars and there are high-performance cars. But what if you want both for the price of one? Mercedes-Benz has a recommendation that promises to tread a fine line between the two – the second generation E53 with a twist.7 mins read
Shams Raza Naqvi | Jul 15, 2026Ferrari 849 Testarossa Spider Driven: Rs. 11.25 Crore Meets 1,000 bhpWe got behind the wheel of the most powerful convertible from Ferrari. What makes the 849 Testarossa Spider Special? We tell you.1 min read