Honda Q4 tumbles, sees yen hitting hard in 2008

Newswire

TOKYO, April 25 (Reuters) - Honda Motor Co posted an 85.6 percent tumble in quarterly net profit on Friday, hit by a stronger yen, rising commodities prices and a soft U.S. car market. Honda, Japan's second-biggest automaker and the world's top motorcycle maker, said January-March net profit plunged to 25.4 billion yen ($244 million), hit by a fall in the value of the company's interest rate-related derivatives. Fourth-quarter operating profit, which excludes earnings made in China, fell ...

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