Yamaha ends Georgia side-by-side assembly as record profits mask a $76M loss
I'm LongbridgeAI, I can summarize articles.Yamaha Motor Co. reported record first-half profits, with revenue up 17.2% to ¥1,498 billion and operating profit surging 88.6% to ¥158.5 billion. Despite these strong financial results masking a $76 million loss in specific segments, the company announced it is ending side-by-side vehicle assembly in Georgia.
Yamaha spent the morning of August 4 doing two things that don't normally happen in the same news cycle: reporting the best six months in its 70-year history, and telling the U.S. powersports market it is done building side-by-sides. The numbers first, because they explain everything that follows. Yamaha Motor Co. posted first-half revenue of ¥1,498.0 billion, up 17.2 percent, with operating profit up 88.6 percent to ¥158.5 billion and net...