Honda forecasts 71% drop in profit
China Daily | Updated: 2009-04-29 07:47
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Honda Motor Co President Takeo Fukui is surrounded by the media following the company's launch of the revamped Accord sedan, in Tokyo on Dec 4, 2008. Bloomberg News |
Honda Motor Co, Japan's second-largest carmaker, forecast profit will drop 71 percent this fiscal year as the global recession and tighter credit cripples demand for cars.
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