Japan: Honda forecasts 60% net income fall in FY2012

Honda has reported an operating profit of ¥44.2bn (US$577m) in the quarter ended 31 December 2011 (Q3 FY2012), down 64.7% year-on-year and a result that was only achieved despite continuing losses in the company's key Automobiles business, the fourth consecutive quarterly loss. The appreciation of the yen against major currencies and Subscribe to Automotive World to … Continued

• By Webmaster
• January 31, 2012