Pricier SUVs will bring record profits at Mazda

AutoExec Summary
Mazda has reported its highest-ever earnings for the third quarter of the 2023/24 fiscal year, with models such as the new CX-90 proving popular in the US. The company expects to close out the fiscal year with record operating profit and net income figures, with a 30 per cent increase in operating profit and a 19 per cent increase in revenue. Mazda attributes much of its success to the popularity of hybrids, as it transitions to electric vehicles. The company plans to field seven or eight fully electric models by 2030.

Brands mentioned: Mazda,