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Automobiles

Mazda slams brakes on 1.8m auto sales goal after less than a year

Move comes after volume plunges 25% from January to June

An assembly line at Mazda's Hiroshima factory. (Photo courtesy of Mazda)

TOKYO -- Mazda Motor will retract its goal of selling about 1.8 million vehicles worldwide by fiscal 2024 as the Japanese automaker struggles with the impact of the coronavirus pandemic, Nikkei has learned.

Mazda's vehicle sales plummeted by a quarter in the first half of this year, further dimming prospects for reaching the target. The company is expected to announce the decision Friday.

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