WRAPUP 2-Japan's second-tier automakers say on track for record profits

jueves 31 de julio de 2014 08:56 GYT
 

* Mazda, Fuji Heavy's strong U.S. sales cover for Japan downturn

* Mazda says focusing on profitability over volume

* Mazda expects July Japan sales to drop 20 percent yoy

* Subaru maker Fuji Heavy's operating profit margin at 13 pct (Recasts, adds Mazda executive quote, U.S. incentive figures)

By Yoko Kubota

TOKYO, July 31 (Reuters) - Japanese automakers Mazda Motor Corp and Fuji Heavy Industries Ltd, which makes Subaru cars, said they are on track for record full-year profits after strong sales in the United States powered double-digit profit growth in April-June.

The United States is the biggest market for both of the carmakers which rank among the second-tier of Japan's auto firms, and is seeing industry-wide sales at eight-year highs.

The strength of U.S. demand offset weakness in Japan where the two firms stumbled in their fiscal first quarter ahead of new and remodeled vehicle launches, they said on Thursday.

The earnings surge for both companies also showed their focus on profitability over sales volume.   Continuación...