Latest news with #CX-50
Yomiuri Shimbun
6 days ago
- Automotive
- Yomiuri Shimbun
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. To soften the blow of the tariffs, the company said it is taking measures including changing shipping routes, increasing output at its plant in the U.S. state of Alabama and adjusting production volumes. The impact of the higher U.S. duties on results this year remained 'quite significant,' assuming that exports from Japan would face a 15% tariff and those from Mexico 25%, Chief Financial Officer Jeffrey Guyton said. Without its countermeasures, the company would be at risk of a 233.5-billion-yen operating profit hit for the year ending March 2026, Guyton told reporters during a briefing. Mazda has been trying to boost sales of its CX-50 crossover sport utility vehicle. The company has a major plant in the Mexican state of Guanajuato from where it exports vehicles to the U.S. It said last week it sold about 210,000 vehicles in the United States over the first half, up 4% from a year earlier. Mazda has forecast a full-year operating profit of ¥50 billion for the year ending March 2026, down sharply from the previous financial year. It had previously withheld guidance due to uncertainty surrounding the U.S. tariffs.
New Straits Times
6 days ago
- Automotive
- New Straits Times
Mazda forecasts nearly US$1bil profit hit from US tariffs
TOKYO: Mazda Motor said on Tuesday it expects a 145.2 billion yen (US$987.02 million) hit to its operating profit this business year due to US import tariffs, as the Japanese automaker rolled out measures to cushion the impact. To soften the blow of the tariffs, the company said it is taking measures including changing shipping routes, increasing output at its plant in the US state of Alabama and adjusting production volumes. The impact of the higher US duties on results this year remained "quite significant," assuming that exports from Japan would face a 15 per cent tariff and those from Mexico 25 per cent, chief financial officer Jeffrey Guyton said. Without its countermeasures, the company would be at risk of a 233.5-billion-yen operating profit hit for the year ending March 2026, Guyton told reporters during a briefing. Mazda has been trying to boost sales of its CX-50 crossover sport utility vehicle. The company has a major plant in the Mexican state of Guanajuato from where it exports vehicles to the US. It said last week it sold about 210,000 vehicles in the United States over the first half, up 4 per cent from a year earlier. Mazda has forecast a full-year operating profit of ¥50 billion for the year ending March 2026, down sharply from the previous financial year. It had previously withheld guidance due to uncertainty surrounding the US tariffs.
Daily Express
6 days ago
- Automotive
- Daily Express
Mazda expects $1 billion profit loss from United States tariffs
Published on: Tuesday, August 05, 2025 Published on: Tue, Aug 05, 2025 By: Reuters Text Size: Mazda has been focusing on boosting sales of its CX-50 crossover SUV, manufactured at its Guanajuato plant in Mexico, which exports vehicles to the U.S. - Reuters pic TOKYO: Mazda Motor announced on Tuesday that it expects a 145.2 billion yen ($987.02 million) impact on its operating profit this fiscal year due to U.S. import tariffs. The Japanese automaker is implementing measures to mitigate the financial strain, including altering shipping routes, ramping up production at its Alabama plant, and adjusting output volumes. Chief Financial Officer Jeffrey Guyton stated that the effect of higher U.S. duties remains 'quite significant,' with exports from Japan facing a 15% tariff and those from Mexico subject to 25%. Without countermeasures, the company could face a 233.5-billion-yen operating profit loss for the year ending March 2026. Mazda has been focusing on boosting sales of its CX-50 crossover SUV, manufactured at its Guanajuato plant in Mexico, which exports vehicles to the U.S. The automaker reported selling approximately 210,000 vehicles in the U.S. during the first half of the year, a 4% increase from the previous year. Advertisement Despite the challenges, Mazda has projected a full-year operating profit of ¥50 billion for the fiscal year ending March 2026, a sharp decline from the previous year. The company had earlier withheld financial guidance due to uncertainties surrounding U.S. tariffs.
The Sun
6 days ago
- Automotive
- The Sun
Mazda expects $1 billion profit loss from US tariffs
TOKYO: Mazda Motor announced on Tuesday that it expects a 145.2 billion yen ($987.02 million) impact on its operating profit this fiscal year due to U.S. import tariffs. The Japanese automaker is implementing measures to mitigate the financial strain, including altering shipping routes, ramping up production at its Alabama plant, and adjusting output volumes. Chief Financial Officer Jeffrey Guyton stated that the effect of higher U.S. duties remains 'quite significant,' with exports from Japan facing a 15% tariff and those from Mexico subject to 25%. Without countermeasures, the company could face a 233.5-billion-yen operating profit loss for the year ending March 2026. Mazda has been focusing on boosting sales of its CX-50 crossover SUV, manufactured at its Guanajuato plant in Mexico, which exports vehicles to the U.S. The automaker reported selling approximately 210,000 vehicles in the U.S. during the first half of the year, a 4% increase from the previous year. Despite the challenges, Mazda has projected a full-year operating profit of ¥50 billion for the fiscal year ending March 2026, a sharp decline from the previous year. The company had earlier withheld financial guidance due to uncertainties surrounding U.S. tariffs. - Reuters
CNA
6 days ago
- Automotive
- CNA
Mazda forecasts nearly $1 billion profit hit from US tariffs
TOKYO :Mazda Motor 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. To soften the blow of the tariffs, the company said it is taking measures including changing shipping routes, increasing output at its plant in the U.S. state of Alabama and adjusting production volumes. The impact of the higher U.S. duties on results this year remained "quite significant," assuming that exports from Japan would face a 15 per cent tariff and those from Mexico 25 per cent, Chief Financial Officer Jeffrey Guyton said. Without its countermeasures, the company would be at risk of a 233.5-billion-yen operating profit hit for the year ending March 2026, Guyton told reporters during a briefing. Mazda has been trying to boost sales of its CX-50 crossover sport utility vehicle. The company has a major plant in the Mexican state of Guanajuato from where it exports vehicles to the U.S. It said last week it sold about 210,000 vehicles in the United States over the first half, up 4 per cent from a year earlier. Mazda has forecast a full-year operating profit of ¥50 billion for the year ending March 2026, down sharply from the previous financial year. It had previously withheld guidance due to uncertainty surrounding the U.S. tariffs. ($1 = 147.1100 yen)
