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View Full Version : Mazda, Shut Out of Bond Market, May Need Aid as Cash Dwindles - Bloomberg



NewsWhore
03-16-2009, 09:20 PM
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Mazda, Shut Out of Bond Market, May Need Aid as Cash Dwindles (http://news.google.com/news/url?sa=T&ct=us/1-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601101%26sid%3DaAoCfYc.8b8E%26refer%3Djapan&cid=1316105039&ei=te2-SeuuHsqosAbxr4GxAw&usg=AFQjCNFkxOeyZGlotxxNbn6mHxp5hFRWJw)
Bloomberg
The stronger domestic currency cuts Mazda’s earnings when repatriated. Every 1 yen drop against the dollar and euro cuts Mazda’s annual operating profit by 2.6 billion yen and 1.4 billion yen, respectively. In response, the carmaker slashed production ...


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