Honda Q3 profit tumbles 63 pct, cuts forecast again

Newswire

TOKYO, Jan 30 (Reuters) - Honda Motor Co posted a 63 percent fall in quarterly operating profit and lowered its annual profit forecasts for the fourth time this year as a stubborn slide in global car sales forced it to make further output cuts. Japan's second-ranked automaker forecast an operating profit for the year to the end of March of 140 billion yen ($1.6 billion), down from a record 953 billion yen last year and down from a previous forecast of 180 billion yen. A median forecast ...

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