US EditionMazda Is Optimistic About The U.S. Despite Expecting To Get Clobbered By $1.6 Billion In Tariff Costs
UNITED STATES, AUG 5 – Mazda faces a $987 million operating profit loss this year due to U.S. tariffs and is boosting production in Alabama and adjusting shipping to reduce impact.
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Mazda Forecasts Nearly $1 Billion Profit Hit from U.S. Tariffs
TOKYO, Aug 5 (Reuters) - Mazda Motor 7261.T said on Tuesday it expects a 145.2 billion yen ($987.02 million) hit to its operating profit this business year due to U.S. import tariffs, as the Japanese automaker rolled out measures to cushion the impact.
Mazda Motor anticipates a coup of 145.2 billion yen, approximately $987.02 million, in its operating profit for this fiscal year due to import tariffs in the United States. According to the original report, the Japanese automaker has implemented strategies to reduce the negative impact of these tariffs.The measures include changing shipping routes, increasing production at her Alabama, U.S. plant, and adjusting production volumes.Jeffrey Guyton,…
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