Last week, Mazda forecast a net loss of 100 billion yen (US$1.29 billion) for the fiscal year that ends March 31 and a 2 percent drop in its global sales, to 1.25 million units.
This is the fourth year in a row than Mazda records negative results and it's also the company's second biggest loss in the last 11 years after the US$2.0 billion damage it posted in the previous fiscal year that ended in March 2011.
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