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Showing posts with label Japanese carmaker. Show all posts
Showing posts with label Japanese carmaker. Show all posts

June 15, 2011

Honda warns of profit slump due to earthquake

Honda has become the second major Japanese carmaker in a week to warn of dramatically lower profits due to reduced production resulting from March's massive earthquake.

It forecast net profits of 195bn yen ($2.4bn; £1.5bn) for the year to the end of March 2012, down 64% on the 534bn yen the company made last year.