(Adds details throughout) By Chang-Ran Kim, Asia auto correspondent TOKYO, April 25 (Reuters) - Honda Motor Co. forecast a surprise 3 percent drop in profit this year citing an expected rise in the yen, high commodity prices and a global shift to lower-margin compact cars. Even taking into account Japanese carmakers' traditional conservatism, analysts said the guidance was exceptionally low given Honda's forecast that its global car sales were set to increase 7.7 percent to a record ...
Premium Content (PAID Subscription Required)
"UPDATE 4-Honda sees lower profit on yen, small-car shift" 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!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: email@example.com or phone: (248) 799-2642