Honda sees sharp drop in profit

Japan's third biggest carmaker, Honda, has announced a 41% drop in quarterly profit, as it continues to feel the impact of Japan's March disasters, the floods in Thailand, and the high yen.

Honda Motors may spend $650 million to restore flood-hit Thai plant

TOKYO: Honda Motor Co will completely overhaul its flood-hit factory in Thailand in a project that could cost more than 50 billion yen ($650 million), the Nikkei business daily reported on Sunday.