Mazda to lift opg profit by 35 pct, hike capacity in Japan under new 4-yr plan |
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Published
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Thu, 22 Mar 2007 08:00
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TOKYO (XFN-ASIA) - Mazda Motor Corp has unveiled its new four-year business plan which calls for a major upgrade of domestic production capacity and targets annual operating profit rising by 35 pct during the term.Japan's fifth-largest automaker said it aims to post over 200 bln yen in operating profit in the year to March 2011, up from the 148 bln yen forecast for the current fiscal year ending this month.Owned 33.9 pct by Ford Motor Co, Mazda said it targets global sales of over 1.6 mln vehicles in the year to March 2011, up from the projected 1.30 mln in the current fiscal year.To support its ambitious sales target, Hiroshima-based Mazda said it will hike its combined domestic production capacity to 996,000 vehicles a year.It said it will do this by increasing capacity at its main plant by 310,000 vehicles and boosting production at its Hofu plant by 670,000 vehicles annually.Altogether, the company said it will increase its combined capital investment over the next four years by 50 pct compared to the previous four years, and also boost R&D expenditure by 30 pct.Mazda said it will also expand its eco-friendly lineup by rolling out a hydrogen-electric hybrid vehicle in 2008.(1 usd = 117.49 yen)yasuhiko.seki@xfn.com
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Mazda to lift Japan output 15 pct, sell hydrogen hybrid by fiscal 2008 - report 