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Mazda Q2 results: gloom gloom

Operating profit dropped by47% to ¥52.7bn, a margin of 4.4% compared with 8.1% a year earlier, writes Jonathan Storey

Despite limited exposure to the electric vehicle (EV) market which has tripped up many of its rivals this year, Mazda's Q2 results still turned down sharply as the favourable forex tailwind abated, causing the company to cut its full-year forecast by more than 25%.

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