Honda Motor Co. Ltd. says its fourth-quarter net earnings plunged 36.5% in the fiscal fourth quarter (ended March 31), a result it blames on unfavorable currency exchange rates and increases in marketing and administrative expenses. The auto maker expects a continued tough environment in the coming fiscal year, in which it forecasts a 16.0% drop in net income. Consolidated net income totaled ¥74.1 billion ($701 million) during the quarter, compared with ¥116.7 billion ($1.1 billion) a ...
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