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Mazda Motor Corp. on Friday projected a net loss of ¥90 billion ($865 million) for the business year through next March on slowing demand caused by the coronavirus, a turnaround from the ¥12.13 billion profit posted in fiscal 2019.

The automaker expects to see its first red ink since fiscal 2011, with an operating loss of ¥40 billion on sales of ¥2.85 trillion, down 16.9 percent from a year earlier, according to its earnings outlook released Friday.

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