UPDATE 2-Weak dollar hits Honda profits; worse year ahead

Newswire

(Recasts with company, analyst, fund manager comments, details) By Chang-Ran Kim, Asia auto correspondent TOKYO, April 27 (Reuters) - Hit by dismal domestic sales and a weaker dollar, Honda Motor reported a 17 percent drop in operating profit on Tuesday and forecast a worse than expected year ahead after being overtaken as Japan's second-ranked car maker. A day earlier, rival Nissan Motor Co posted a 12 percent jump in annual operating profit as it sold more than three million vehicles ...

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