Ford affiliate Mazda Motor on Thursday trimmed its consolidated net loss projection for the fiscal year ending 31 March 2010 to JPY17bn instead of the previously forecast JPY26bn due to foreign exchange gains and lower tax costs.

The estimate for the group operating loss was also lowered to JPY12bn from JPY13bn predicted on 5 October while the sales projection was kept intact at JPY2.13 trillion, down 16% from a year ago, the Hiroshima-based carmaker said, according to Kyodo News.

For the first six months of the year, the company reported a group net loss of JPY20.81bn yen and an operating loss of 22.06bn yen.

That was an improvement from the previously forecast group net loss of JPY26bn and operating loss of JPY23bn.

The sales figure, however, was revised downward to JPY990.33bn from the previous estimate of JPY1 trillion, a drop of 37.1%.

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