Automobiles
Japan automaker forecasts net profit gain after ‘carefully timed’ move
Mazda plans to add a hybrid version of its CX-5 flagship SUV in 2027. (Photo by Hirotake Kitagawa)
TOKYO — Japan’s Mazda Motor plans to slash investment in vehicle electrification by 20% to 1.2 trillion yen ($7.6 billion) through 2030 as electric-vehicle sales lose speed in its vital U.S. market.