Further losses for car giant Mazda

Japanese car giant Mazda has reported a 14.4 billion yen (€133m) loss for the latest quarter and is now projecting a big annual loss instead of a profit due to the sluggish global economy and high yen.

Further losses for car giant Mazda

Japanese car giant Mazda has reported a 14.4 billion yen (€133m) loss for the latest quarter and is now projecting a big annual loss instead of a profit due to the sluggish global economy and high yen.

The company is among several Japanese manufacturers facing a similar business environment just as production was starting to recover from the March 11 earthquake and tsunami disaster in north-eastern Japan.

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