Friday May 25, 2012

Mitsubishi Motors back in black; Mazda in red

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Mitsubishi Motors is the fourth-largest automaker in Japan AFP

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    herefornow

    Mazda, Japan’s fifth-largest car maker by volume, incurred a net loss of 72.97 billion yen in the three months to Deceearlier.mber, much larger than the 2.67 billion yen loss reported a year

    Mazda can blame it on the rise in the yen all they want. But the reality is that they are beginning to show the signs of the loss of the Ford investment/management involvement. Mazda was in the red before Ford bought in and now they are just reverting to that trend. Mainly because the Japanese management is not strong enough to set a clear course for the company, but simply tries to copy what Toyota is doing.

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