Honda Profits Fall In Face Of Strong Yen

Honda reported a nearly 40 percent drop in quarterly profit, hit by a strong yen and fading sales in Japan but raised its full-year earnings forecast, crediting cost cuts.

Honda's October-December profit totaled 81.1 billion yen ($989 million), down from 134.6 billion yen the year before, it said today. Quarterly sales slipped nearly 6 percent to 2.11 trillion yen ($25.7 billion).

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theoptimisticpessimist - 1/31/2011 5:12:56 PM

-1 Boost

Honda Profits Fall In Face Of ugly cars.

veyron1001 - 2/1/2011 9:50:40 AM

+2 Boost

It really sucks. Has Honda degraded themselves to making plants in Mexico like VW to keep their cars competitive?