TOKYO – Mazda returned to profit in the latest quarter, as booming U.S. deliveries of crossovers such as the CX-50 and CX-90 helped the automaker reverse a loss from the year before and put the brand on pace to nearly notch a new U.S. sales record.
Operating profit rang up at 30.0 billion yen ($207.5 million) in the company’s fiscal first quarter ended June 30, wiping out an operating loss of 19.5 billion yen ($134.9 million) a year earlier, the
Berkshire Hathaway, the conglomerate led by the billionaire Warren Buffett, posted its highest ever quarterly operating profit on Saturday, while gains from stock holdings helped Berkshire swing to an overall profit of nearly $36 billion.
Rising interest rates and dividend payouts, as well as a rebound in performance at the Geico car insurer, have been helping Berkshire’s insurance businesses generate more money, with profit up 38 percent from the second quarter of 2022. Berkshire cited rising premiums and a reduction
Profits double
Toyota said it would seek to improve business efficiencies in North America and China.
“We believe it is necessary to improve our production base to further enhance our volume of supply,” Toyota said of its North American operations. “We will continue to work to deliver vehicles as soon as possible, and further improve our profit structure.”
A day before the Aug. 1 financial announcement, Toyota said it would streamline its electric vehicle business in China by consolidating its
SEOUL — Hyundai Motor raised its annual sales and profit margin guidance on Wednesday, after recording a 15 percent rise in quarterly net profit helped by a weaker won currency, robust sales of electric vehicles and increased production.
The world’s No.3 automaker by sales together with affiliate Kia forecast 2023 revenue would grow 14-15 percent, up from its January guidance of 10.5-11.5 percent, while its operating profit margin was upwardly revised to a range of 8-9 percent from 6.5-7.5.
“The
