Honda: Thai floods to cut 2011/12 shipments by 260,000 cars

Newswire

TOKYO, Jan 31 (Reuters) - Honda Motor Co estimates that last autumn's Thai floods will cut its global shipments by 260,000 cars in the financial year ending in March, Chief Financial Officer Fumihiko Ike told reporters. Honda posted a 65 percent slide in quarterly operating profit on Tuesday. The floods inundated its plant in Thailand in early October. (Reporting by Chang-Ran Kim; Editing by Chris Gallagher)

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