Honda Motor Co. Ltd. says slower global economic growth, oil price fluctuations and currency movements will pressure profits in the current fiscal year that began April 1. The Japanese auto maker is expecting a tough first half, with net income projected to fall 15.1% to ¥205 billion ($1.9 billion) for the 6-month period ending Sept. 30, 2005. A better second-half is forecast, with net income hitting ¥450 billion ($4.2 billion), down 7.4% from the fiscal year that ended March 31. The ...
Premium Content (PAID Subscription Required)
"Honda Forecasts Declining Profits for Coming Fiscal Year" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.