Honda sees dollar averaging 100 yen in 2008/09

Newswire

TOKYO, April 25 (Reuters) - Honda Motor Co said on Friday it was assuming a dollar exchange rate of 100 yen and a euro exchange rate of 155 yen in the business year ending next March. Japan's second-largest car maker also forecast global car sales for the 2008/09 business year to rise 5.5 percent to 4.14 million units. It is budgeting 710 billion yen for capital expenditure in the year. (Reporting by Chang-Ran Kim; Editing by Hugh Lawson)

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