TOKYO — As Mazda Motor has didn’t reap the hoped-for income from a flurry of funding in increasing and tweaking its car lineup, it’s betting on a brand new line of high-end, high-priced SUVs to fatten its slim margins.
The Japanese automaker’s earnings look strong. Working revenue for the yr ending March 2024 is projected to extend 27% to 180 billion yen (round $1.2 billion), in keeping with an earnings launch this month. That is being pushed by gross sales within the U.S., the place Mazda forecasts a 22% year-on-year enhance in gross sales quantity.