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Mazda says to reverse some car output cuts

Mazda Motor Corp, Japan's fourth-largest carmaker, said it will reverse some cuts in car output in Japan in April.

Mazda would not reveal by how much or to what level it would restore production, a Mazda spokesman said.

Mazda halted production on all Fridays in February and March to bring down inventory, which had ballooned amid poor demand globally.

Mazda made 31,130 vehicles in Japan in January, down 66.2% from the same month a year ago. It would announce later this month its production volume for February.

Mazda shares soared 7.5% to ¥143, outperforming the broader auto sector subindex, up 4.9%.

It said it will resume production on Fridays at two plants in Yamaguchi prefecture in southern Japan, neighboring Hiroshima where its headquarters are located, as well as on the first and second Fridays at its main plants in Hiroshima. (Reuters)