Honda sees Y112 dlr avg in 2006/07,to split shares

Newswire

TOKYO, April 26 (Reuters) - Honda Motor Co. said on Wednesday it had set its exchange rate assumptions for the new business year at an average 112 yen for the dollar and 132 yen for the euro. Japan's third-biggest auto maker also said it would conduct a 2-for-1 share split of its common stock for shareholders as of June 30, doubling the number of its shares outstanding to 1.8348 billion. Honda expects its global car sales for the business year that began this month to total 3.72 million ...

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