Honda says sees price competition in China easing

Newswire

TOKYO, Oct 28 (Reuters) - Honda Motor Co. , Japan's third-biggest auto maker, expects price competition in China to ease, a company executive said on Friday. Atsuyoshi Hyogo, chief operating officer for Honda's China operations, said stock adjustments were going ahead, and some auto makers had already begun to raise product prices. Honda forecasts sales of 270,000 vehicles in China this year. Honda in April projected a drop in net profit this year citing stiff price competition in China. ...

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