Honda cuts 2003/04 Japan car sales forecast

Newswire

TOKYO, July 29 (Reuters) - Honda Motor Co , Japan's second-largest automaker, cut its domestic sales forecast for the current business year on Tuesday to 815,000 cars from 855,000 after a sharper-than-expected slide so far this year. Hit by an ageing model line-up and fierce competition in the stagnant domestic market, Honda's vehicle sales have fallen 35 percent in the year to date.

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